Section 50796 Of Article 7. Funds From California Government Code >> Division 1. >> Title 5. >> Part 1. >> Chapter 3.5. >> Article 7.
50796
. Moneys in the construction fund not required to meet
acquisition or construction costs or expenses payable from the
construction fund or interest on the bonds, may be invested in bonds
and other obligations eligible for investment of surplus county
moneys; subject to such limitations as may be provided in the
proceedings authorizing the issuance of the bonds. Any income or
interest thereon shall be added to and become a part of the
construction fund.