California Statutes
§ 71971. — 71971. (Added by Stats. 1963, Ch. 156.)
California·Code WAT Water 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
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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California § 71971. (71971. (Added by Stats. 1963, Ch. 156.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1963, Ch. 156.