Statute · California Water Code
Cal. Water Code § 52851 — Creation of Reserve Fund Pursuant to Agreement With the United States
Cal. Water Code § 52851
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The money in the reserve fund shall be used to pay the installments of principal and interest of any outstanding bonds secured by the assessment when the amount in the bond fund is insufficient to meet such installments on any January 1st or July 1st, as the case may be.
Citator
Cal. Water Code § 52851 — Creation of Reserve Fund Pursuant to Agreement With the United States is in force in the current edition of the Code, and nothing recorded condemns it.
The money in the reserve fund shall be used to pay the installments of principal and interest of any outstanding bonds secured by the assessment when the amount in the bond fund is insufficient to meet such installments on any January 1st or July 1st, as the case may be.