California Legal Codes and Statutes

§ 7412

Added by Stats. 1988, Ch. 43, Sec. 2. Approved in Proposition 80 at the November 8, 1988, election.

All proceeds from the sale of bonds, except those derived from premiums and accrued interest, shall be available for the purpose provided in Section 7406 but shall not be available for transfer to the General Fund to pay the principal of and interest on bonds. The money in the fund may be expended only as herein provided.

Cite this section

Cal. Pen. Code § 7412 (2026)
https://ca.codecond.com/codes/pen/part-3-of-imprisonment-and-the-death-penalty/title-7-administration-of-the-state-correctional-system/chapter-15-new-prison-construction-bond-act-of-1988/section-7412

Other sections in Chapter 15 - New Prison Construction Bond Act of 1988

§ 7400§ 7401§ 7402§ 7403§ 7404§ 7405§ 7406§ 7407§ 7408§ 7409§ 7409.5§ 7410§ 7411§ 7412§ 7413§ 7414

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 14, 2026.