DIVISION 15. RECLAMATION DISTRICTS 50000-53901›PART 8. BONDS AND REFUNDING BONDS 52100-52862›CHAPTER 3. General Refunding Bonds 52500-52602›ARTICLE 3. Sale 52550-52561

§ 52556

California Water Code · 2020-11 edition · updated 2026-10-04 · California

The proceeds of the sale of refunding bonds shall be placed in the county treasury to the credit of the bond fund, and used only in payment of the principal of the outstanding bonds to be refunded by the refunding bonds so sold.

(Added by Stats. 1951, Ch. 336.)

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California Water Code

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