California § 8164. 8164. (Added by Stats. 1953, Ch. 138.)

California Statutes

§ 8164. — 8164. (Added by Stats. 1953, Ch. 138.)

California·Code WAT Water Code - WAT·Div. 5. DIVISION 5. FLOOD CONTROL·Part 1. PART 1. LOCAL FLOOD CONTROL·Ch. 3. CHAPTER 3. Transfer of Storm Drain Improvements, Drainage Improvements, and Drainage Systems to Flood Control Districts·Art. 3. ARTICLE 3. Transfers by Cities

The proceeds of the collection of such drainage district taxes and assessments shall be applied solely and exclusively to the payment of the principal and interest for which they were levied and the surplus, if any, of the proceeds of such collections shall be deposited in the county treasury to the credit of the interest and sinking fund of such flood control district and used solely and exclusively for the payment of principal and interest of the bonds of such flood control district.

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The proceeds of the collection of such drainage district taxes and assessments shall be applied solely and exclusively to the payment of the principal and interest for which they were levied and the surplus, if any, of the proceeds of such collections shall be deposited in the county treasury to the credit of the interest and sinking fund of such flood control district and used solely and exclusively for the payment of principal and interest of the bonds of such flood control district.

California § 8164. (8164. (Added by Stats. 1953, Ch. 138.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.