§ 25260 Any designated revenue may by resolution of the board be allocated to …
§ 25261 The allocation may be for either or both:(a) Payment of the …
§ 25262 Until the payment or retirement of the bonds for the benefit of which …
§ 25263 An allocation may be made for the exclusive benefit of any one or …
§ 25264 Any allocation shall be irrevocable until all of the bonds for which …

Terms Used In California Codes > Water Code > Division 11 > Part 9 > Chapter 3 > Article 3 - Allocation of Revenue to Bond Payment

  • bonds: includes both construction and refunding bonds except as otherwise expressly provided. See California Water Code 25200
  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.