Section 43455 Of Article 3. Harbor Improvement Fund From California Government Code >> Division 4. >> Title 4. >> Chapter 3. >> Article 3.
43455
. When any city provides any fund for the redemption,
cancellation, or retirement of any state bonds pursuant to this
article, the city through its appropriate officers may transfer the
money in the fund to the State Treasurer. Upon its receipt the State
Treasurer shall place the money in the appropriate sinking fund and
apply it to the redemption, cancellation, and retirement of such
state bonds.