California § 71971. 71971. (Added by Stats. 1963, Ch. 156.)

California Statutes

§ 71971. — 71971. (Added by Stats. 1963, Ch. 156.)

California § 71971.

JurisdictionCalifornia

Code WATWater Code - WAT

Div. 20.DIVISION 20. MUNICIPAL WATER DISTRICTS

Part 7.PART 7. BONDS

Ch. 6.CHAPTER 6. Issuance and Sale of Bonds

Art. 2.ARTICLE 2. Sale of Bonds and Use of Proceeds

This text of California § 71971. (71971. (Added by Stats. 1963, Ch. 156.)) 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.

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Cal. Water Code - WAT Code § 71971. (2026).

Text

The proceeds from the sale of bonds shall be paid into the treasury of the district, placed to the credit of a special improvement fund, and expended only for the purpose for which the indebtedness was created. When such purpose has been accomplished, any moneys remaining in the special improvement fund may be transferred to the fund to be used for the payment of principal of and interest on the bonds.

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The proceeds from the sale of bonds shall be paid into the treasury of the district, placed to the credit of a special improvement fund, and expended only for the purpose for which the indebtedness was created. When such purpose has been accomplished, any moneys remaining in the special improvement fund may be transferred to the fund to be used for the payment of principal of and interest on the bonds.

Legislative History

Added by Stats. 1963, Ch. 156.

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California § 71971., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/WAT/71971..