Statute · California Public Utilities Code
Cal. Pub. Util. Code § 99351 — Limited Obligation Bonds
Cal. Pub. Util. Code § 99351
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
After making allowances for contingencies and error in the estimates, the taxes, for the respective purposes hereinafter set forth, shall be at least sufficient to pay the following amounts in the order set forth:
Citator
Cal. Pub. Util. Code § 99351 — Limited Obligation Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
After making allowances for contingencies and error in the estimates, the taxes, for the respective purposes hereinafter set forth, shall be at least sufficient to pay the following amounts in the order set forth:
(a) The interest on and principal of the bonds as they become due and payable.
(b) All payments required for compliance with the resolution authorizing the issuance of the bonds or any other contract with the bondholders, including the creation of sinking and reserve funds.
(c) All payments to meet any other obligations of the county which are charges, liens, or encumbrances upon the revenues.