Cal. Public Resources Code - PRC § 13170. Section 13170.
In a fund called the “Resort Improvement District General Fund,” the treasurer shall place and keep the money levied by the board for that fund.
CHAPTER 10. Funds [13170. - 13176.]
Cal. Public Resources Code - PRC 10.
in effectCal. Public Resources Code - PRC § 13171. Section 13171.
The proceeds of the sale of revenue bonds or general obligation bonds or proceeds of special assessments levied by the board shall be deposited with the treasurer and shall be placed in a fund to be called the “Resort Improvement District Construction Fund No. ____” (inserting number).
Cal. Public Resources Code - PRC § 13172. Section 13172.
The money in any construction fund shall be used for the purpose indicated in the resolution calling the election upon the question of the issuance of bonds, or for the purpose described in the resolution of intention in the assessment proceedings, or for repayment of money borrowed for the purpose of financing the improvement for which bonds were subsequently issued or the assessment levied.
Cal. Public Resources Code - PRC § 13173. Section 13173.
The bond moneys may also be used for interest and working capital for the period of construction and for twelve (12) months thereafter, and also to pay the costs of their authorization and issuance including fees for legal, engineering, fiscal, economic or other service.
Cal. Public Resources Code - PRC § 13174. Section 13174.
Any money in the construction fund determined by resolution of the board to be in excess of the amounts required for completion of the improvement authorized may, by the resolution so determining, be transferred to any other fund of the district and be used for any lawful purpose.
Cal. Public Resources Code - PRC § 13175. Section 13175.
In a fund called the “Resort Improvement District Bond Fund ____” (inserting series number), the treasurer shall keep money levied or collected for that fund.
Cal. Public Resources Code - PRC § 13176. Section 13176.
No part of the money belonging in the bond fund may be transferred to any other fund or be used for any purpose other than the payment of principal and interest of the bonds of the district, or for repayment of money borrowed for the purpose of paying the principal and interest of the bonds of the district, until said bonds are fully paid, at which time it may be transferred to any other fund.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026