DIVISION 11. IRRIGATION DISTRICTS 20500-29978›PART 9. BONDS 24950-25402›CHAPTER 2. Refunding Bonds 25035-25119›ARTICLE 2. Refunding Bond Sinking Fund 25060-25068
§ 25060
California Water Code · 2020-11 edition · updated 2026-10-04 · California
If any issue of refunding bonds are made to mature at one time, the board prior to or at the time of their issuance shall provide for the creation of and payments into a sinking fund for the payment of the bonds in amounts determined by the board.
(Amended by Stats. 1991, Ch. 1226, Sec. 51.)
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