Section 29224 Of Article 4. Refunding Bonds From California Public Utilities Code >> Division 10. >> Part 2. >> Chapter 8. >> Article 4.

. Any money remaining in the Funding Fund, after all outstanding bonds, warrants, judgments, notes, or other evidences of indebtedness proposed to be refunded have been taken up and canceled, shall be deposited in the fund established for the payment of principal and interest on the refunding bonds and used only for paying such principal or interest as they mature.