Section 25447 Of Chapter 18. Funding Bonds From California Streets And Highways Code >> Division 16. >> Part 1. >> Chapter 18.

. In each district in which funding bonds have been issued there is hereby created a special fund to be designated "Joint Highway District No. ____ of the State of California Funding Bond Redemption Fund No. ____" (each such fund to be consecutively numbered within each district as created) for the discharge and payment of principal and interest on such bonds.