Section 11770 Of Article 7. Payment Of Principal And Interest From California Water Code >> Division 6. >> Part 3. >> Chapter 8. >> Article 7.

. From the money deposited in the construction fund the State Treasurer shall transfer to the place or places of payment named in the bonds the sums required to pay the interest as it becomes due on all bonds sold and outstanding for the construction of the project during the period of actual construction and during a period of one year after completion thereof.