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DIVISION 15. RECLAMATION DISTRICTS 50000-53901›PART 9. WARRANTS 53000-53342›CHAPTER 1. Issuance, Registration and Payment 53000-53093›ARTICLE 3. Time Warrants 53040-53049

§ 53048

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

Time warrants which are not paid on their due date because of lack of funds have priority and shall be paid out of the proceeds of the collection of the operation and maintenance assessment against which they have been issued, in preference to any demand warrants issued and registered after the date of regisration of such time warrants which are payable out of the same assessment.

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

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California Water Code

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