Sts. & Hy. Code, § 27300 · Chapter 16. Disposition and Maintenance of Adequate District Revenues
Sts. & Hy. Code, § 27300
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The board may in each fiscal year set aside in separate funds out of the revenues of the works a sufficient sum to:
(a) First, pay the operating expenses of the district.
(b) Second, provide for repairs and maintenance of the works owned or operated by the district, including any payments to be made into a replacement fund for buses and ferries.
(c) Third, provide for the purchase, lease, or other acquisition of district equipment, supplies, and other properties, including provision for interest, sinking funds, reserve funds, or other funds required for the payment of any obligations incurred by the district for the acquisition of such properties.
(d) Fourth, pay any indebtedness or lien that may exist against the district or any of its property or revenues.
The revenues of the works are hereby pledged to the aforesaid purposes.
Notes and commentary — not statutory text
History
Amended by Stats. 1972, Ch. 1381.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=27300.
- Text hash
- sha256 cc3b280a220ff63189c4ab5fb316d197a2c2c3247d0e757da6168ac4bef88af5
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
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