DIVISION 21. WATER CONSERVATION DISTRICTS 74000-76501›PART 5. POWERS AND PURPOSES 74500-74652›CHAPTER 5. Contracts With Other Agencies 74570-74630›ARTICLE 3. Cooperation With the United States 74610-74618

§ 74615

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

When, in furtherance of a contract made with the United States, bonds of a district are authorized, such bonds may be transferred to or deposited with the United States, at not less than their par value. In such case, the interest or principal, or both, of such bonds may be legally paid to the United States and applied to the amount, or any part thereof, to be paid by the district to the United States, as provided in the contract.

(Added by Stats. 1965, Ch. 75.)

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California Water Code

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