DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW 39000-48401›PART 6. POWERS AND FUNCTIONS 43000-44208›CHAPTER 6. Cooperation With the United States, the State and Other Districts 44000-44105›ARTICLE 3. Transfer or Deposit of Bonds 44055-44059

§ 44055

California Water Code · 2018-11 edition · updated 2026-10-04 · California

In case any contract is made with the United States, bonds of the district may be transferred to or deposited with the United States if so provided by the contract, at not less than their par value, to the amount, or any part thereof, to be paid by the district to the United States. The interest or principal, or both, of the bonds may be regularly paid to the United States and applied as provided in the contract.

(Added by Stats. 1951, Ch. 391.)

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California Water Code

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