California § 52852. 52852. (Added by Stats. 1951, Ch. 336.)

California Statutes

§ 52852. — 52852. (Added by Stats. 1951, Ch. 336.)

California § 52852.

JurisdictionCalifornia

Code WATWater 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

This text of California § 52852. (52852. (Added by Stats. 1951, Ch. 336.)) 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 § 52852. (2026).

Text

If the bond fund contains a sum derived from an assessment securing the bonds to be refunded pursuant to the agreement which is in excess of the amount required to pay all installments of principal and interest due or to become due within six months upon all outstanding bonds secured by the assessment, the board may by resolution direct that the excess, or such part thereof as they deem advisable, be set apart for the purpose of creating a reserve fund.

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If the bond fund contains a sum derived from an assessment securing the bonds to be refunded pursuant to the agreement which is in excess of the amount required to pay all installments of principal and interest due or to become due within six months upon all outstanding bonds secured by the assessment, the board may by resolution direct that the excess, or such part thereof as they deem advisable, be set apart for the purpose of creating a reserve fund.

Legislative History

Added by Stats. 1951, Ch. 336.

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California § 52852., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/WAT/52852..