Section 31182 Of Article 5. Custody And Use Of Money From California Streets And Highways Code >> Division 17. >> Chapter 5. >> Article 5.
31182
. All money in the acquisition and construction fund not
required to meet current acquisition or construction costs of the
toll tunnel, and all funds constituting surplus revenues which are
not immediately needed for the particular object or purpose to which
they are required to be applied or to which they are pledged, shall
be invested in bonds and obligations eligible for investment of
surplus state money. The authority may provide in the proceedings
authorizing the issuance of the bonds that the investment of such
money shall be made only in particular bonds and obligations within
the classifications eligible for such investment, and such provisions
shall be binding upon the authority and all officials having
anything to do with the investment.