California § 74615. 74615. (Added by Stats. 1965, Ch. 75.)

California Statutes

§ 74615. — 74615. (Added by Stats. 1965, Ch. 75.)

California·Code WAT Water Code - WAT·Div. 21. DIVISION 21. WATER CONSERVATION DISTRICTS·Part 5. PART 5. POWERS AND PURPOSES·Ch. 5. CHAPTER 5. Contracts With Other Agencies·Art. 3. ARTICLE 3. Cooperation With the United States

When, in furtherance of a contract made with the United States, bonds of a district are authorized, such bonds may be transferred to or deposited with the United States, at not less than their par value. In such case, the interest or principal, or both, of such bonds may be legally paid to the United States and applied to the amount, or any part thereof, to be paid by the district to the United States, as provided in the contract.

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When, in furtherance of a contract made with the United States, bonds of a district are authorized, such bonds may be transferred to or deposited with the United States, at not less than their par value. In such case, the interest or principal, or both, of such bonds may be legally paid to the United States and applied to the amount, or any part thereof, to be paid by the district to the United States, as provided in the contract.

California § 74615. (74615. (Added by Stats. 1965, Ch. 75.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1965, Ch. 75.

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