California Water Code 71671 – The revenues from the rates and charges for services and facilities …
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The revenues from the rates and charges for services and facilities furnished pursuant to this article may be used for the following purposes:
(a) To pay the operating and maintenance expenses of the facilities.
(b) To provide a reasonable surplus for improvements, extensions, and enlargements.
(c) To pay the interest on any bonded debt for the facilities.
(d) To provide a sinking or other fund for the payment of the principal of such bonded debt as it becomes due.
(Added by Stats. 1963, Ch. 156.)