Statute · California Water Code
Cal. Water Code § 52861 — Creation of Reserve Fund Pursuant to Agreement With the United States
Cal. Water Code § 52861
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No purchase of bonds shall be made pursuant to subdivision (a) of Section 52859 unless the unpaid principal amount of the assessment securing such bonds is in excess of the principal amount of outstanding and authorized bonds secured by such assessment.
Citator
Cal. Water Code § 52861 — 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.
No purchase of bonds shall be made pursuant to subdivision (a) of Section 52859 unless the unpaid principal amount of the assessment securing such bonds is in excess of the principal amount of outstanding and authorized bonds secured by such assessment.