The proceeds of the sale of subdivided parcels acquired by the county treasurer as trustee for the district at a delinquency sale for unbonded original and additional assessments shall be credited to the general fund.

(Added by Stats. 1951, Ch. 336.)

Terms Used In California Water Code 51732

  • County: includes city and county. See California Water Code 14
  • Trustee: A person or institution holding and administering property in trust.