California Water Code 11772 – All funds transferred for the payment of principal or interest on …
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All funds transferred for the payment of principal or interest on bonds shall be segregated and applied solely for the payment of the principal and interest.
(Added by Stats. 1943, Ch. 370.)
Terms Used In California Water Code 11772
- bonds: means revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness payable from the sources provided in this chapter. See California Water Code 11700