Code Section

Education Code - EDC

TITLE 3. POSTSECONDARY EDUCATION [66000 - 101460]

  ( Title 3 enacted by Stats. 1976, Ch. 1010. )
  

DIVISION 9. UNIVERSITY OF CALIFORNIA [92000 - 93000]

  ( Division 9 enacted by Stats. 1976, Ch. 1010. )
  

PART 57. UNIVERSITY OF CALIFORNIA [92000 - 93000]

  ( Part 57 enacted by Stats. 1976, Ch. 1010. )
  

CHAPTER 5. The University of California Revenue Bond Act of 1947 [92400 - 92571]

  ( Chapter 5 enacted by Stats. 1976, Ch. 1010. )
  

ARTICLE 3. Revenue Bonds [92470 - 92496]
  ( Article 3 enacted by Stats. 1976, Ch. 1010. )

  
92483.  

All costs and expenses incident to the issuance and sale of bonds may be paid out of the proceeds of the sale of the bonds. Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction, or completion of which the bonds have been issued, and for a period of not to exceed two years after the completion of the actual construction of the project as provided for in the indenture.

(Enacted by Stats. 1976, Ch. 1010.)