California Statutes

§ 35998.1. — 35998.1. (Added by Stats. 1955, Ch. 1329.)

California § 35998.1.
JurisdictionCalifornia
Code WATWater Code - WAT
Div. 13.DIVISION 13. CALIFORNIA WATER DISTRICTS
Part 6.PART 6. FINANCIAL PROVISIONS
Ch. 2.CHAPTER 2. Provisions Relating to All Bonds
Art. 3.ARTICLE 3. Sale and Exchange of Bonds

This text of California § 35998.1. (35998.1. (Added by Stats. 1955, Ch. 1329.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Water Code - WAT Code § 35998.1. (2026).

Text

The accrued interest and premium, if any, shall be placed in the general obligation bond fund. The purchase price of said bonds shall be placed in the proper improvement fund and applied exclusively to the purposes for which said bonds were voted. When said purposes have been accomplished any moneys remaining in said improvement fund shall be transferred to the general obligation bond fund and when all principal of and interest on said bonds has been paid, the balance of money then remaining in the general obligation bond fund shall be transferred to the general fund.

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Legislative History

Added by Stats. 1955, Ch. 1329.

Nearby Sections

2
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California § 35998.1., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/WAT/35998.1..