Statute · California Water Code
Cal. Water Code § 52853 — Creation of Reserve Fund Pursuant to Agreement With the United States
Cal. Water Code § 52853
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The county treasurer shall call such part of the principal of the assessment securing the refunding bonds, not exceeding the amount by which the unpaid principal amount of the assessment exceeds the principal amount of bonds secured thereby, as is necessary to restore the amount of depletion of…
Citator
Cal. Water Code § 52853 — 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 county treasurer shall call such part of the principal of the assessment securing the refunding bonds, not exceeding the amount by which the unpaid principal amount of the assessment exceeds the principal amount of bonds secured thereby, as is necessary to restore the amount of depletion of the reserve fund caused by authorized payments therefrom.