Statute · California Water Code

Cal. Water Code § 11781 — Retirement of Bonds

Cal. Water Code § 11781

Type
Statute
Source
California Water Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

In the event the bonds cannot be purchased at a price satisfactory to the department and are not by their terms callable prior to maturity such surplus shall be paid into the fund applicable to the payment of principal and interest of the bonds and shall be used for that purpose.

Citator

Cal. Water Code § 11781 — Retirement of Bonds is in force in the current edition of the Code, and nothing recorded condemns it.

In the event the bonds cannot be purchased at a price satisfactory to the department and are not by their terms callable prior to maturity such surplus shall be paid into the fund applicable to the payment of principal and interest of the bonds and shall be used for that purpose.