California Statutes
§ 52851. — 52851. (Added by Stats. 1951, Ch. 336.)
California·Code WAT Water Code - WAT·Div. 15. DIVISION 15. RECLAMATION DISTRICTS·Part 8. PART 8. BONDS AND REFUNDING BONDS·Ch. 5. CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States
The money in the reserve fund shall be used to pay the installments of principal and interest of any outstanding bonds secured by the assessment when the amount in the bond fund is insufficient to meet such installments on any January 1st or July 1st, as the case may be.
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California § 52851. (52851. (Added by Stats. 1951, Ch. 336.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1951, Ch. 336.