Cal. Gov. Code § 37505

Current through the 2023 Legislative Session.

Section 37505 - Money obtained from use building

Money obtained from the use of such building shall be deposited in the city treasury to the credit of the proper fund and applied, in order, to the following purposes exclusively:

(a) The necessary expenses of maintaining, insuring, and making improvements and repairs on, the hall.

(b) Payment of interest and principal on the bonds.

(c) The surplus remaining may be appropriated and used for general municipal purposes.

Ca. Gov. Code § 37505

Added by Stats. 1949, Ch. 79.