California Water Code 24485 – The proceeds from the lease or sale of any property specifically …
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The proceeds from the lease or sale of any property specifically allocated to the payment of warrants shall be placed in a separate fund and shall not be diverted to any other purpose until the warrants are paid in full.
(Added by Stats. 1943, Ch. 372.)
Terms Used In California Water Code 24485
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC