This law section specifies that district money must be divided into four specific types of funds: a bond principal fund, a bond interest fund, a construction fund, and a general fund. Each type of fund has a distinct purpose and is meant for managing different financial needs of the district.

This law allows a district to create a reserve fund to ensure there is money available to pay the interest or principal on any outstanding bonds. When the revenue from selling bonds is calculated, a specified amount can be set aside into this reserve fund. This fund is mainly supported by revenues and is specifically used to cover bond payments if there are no other available funds.

This law allows a district to create any necessary fund to meet the requirements for repaying bonds according to their specific payment plan.

This law requires the treasurer to remove money set aside for debt repayment (a sinking fund) from any financial fund as outlined in a refunding plan. The treasurer must do this according to the schedule and terms specified in the plan or any changes to it, ensuring the money is used as planned for repaying the debt.

If there are extra funds available, they can be moved into a special fund set aside to pay off refunding bonds, but only if the board approves.

This law allows money in a refunding bond sinking fund to be invested in U.S. government bonds or bonds issued by the state of California.

This law says that when federal and state bonds are bought using money from a sinking fund, both the bonds and any income they generate must stay as part of that fund. They will remain there until the board decides it's best for the district to sell them.

The money collected from the annual assessment should go into the district's treasury. It should be divided among the appropriate funds within the district.

Any money collected from special assessments is to be deposited into the district's treasury and must be used specifically for the projects or purposes for which those assessments were originally intended.

If a property is designated to pay off certain financial commitments called warrants, any money made from leasing or selling that property must be kept in a separate account. This money can't be used for anything else until those financial commitments are completely settled.

If there's money left over after completing a project funded by a district assessment or bond, the district's board can move that leftover money to the general fund. This transferred money can then be used for any purpose within the district.