DIVISION 15. RECLAMATION DISTRICTS 50000-53901›PART 8. BONDS AND REFUNDING BONDS 52100-52862›CHAPTER 4. Alternate Method for Refunding Bonds 52700-52760›ARTICLE 2. Sinking Fund 52730-52737

§ 52735

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

In any year in which the district has surplus funds from other sources available for the sinking fund payment and has deposited such funds in the sinking fund the call of assessment for sinking fund purposes for that year shall be limited to any amount by which the amount of the sinking fund payment exceeds the amount of surplus funds so deposited.

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

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California Water Code

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