Statute · California Water Code
Cal. Water Code § 55703 — Taxes
Cal. Water Code § 55703
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If the maturity of the indebtedness created by the issue of the bonds is made to begin more than one year after the date of issue, the tax shall be levied and collected each year, sufficient to pay the interest on the indebtedness as it falls due, and also to constitute a sinking fund for the…
Citator
Cal. Water Code § 55703 — Taxes is in force in the current edition of the Code, and nothing recorded condemns it.
If the maturity of the indebtedness created by the issue of the bonds is made to begin more than one year after the date of issue, the tax shall be levied and collected each year, sufficient to pay the interest on the indebtedness as it falls due, and also to constitute a sinking fund for the payment of the principal on or before maturity.