Section 11840 Of Article 6. Investment And Use Of Surplus Money From California Water Code >> Division 6. >> Part 3. >> Chapter 9. >> Article 6.
11840
. All money in the construction fund not required to meet
preconstruction, acquisition, or construction costs and expenses, or
interest thereon, of the project, or unit thereof, for which bonds
were issued and sold, 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 are pledged shall be
invested in bonds and obligations eligible for investment of surplus
State money.