DIVISION 21. WATER CONSERVATION DISTRICTS 74000-76501›PART 6. FINANCIAL PROVISIONS 74750-74977›CHAPTER 3. Bonds 74790-74872›ARTICLE 6. Sale of Bonds and Use of Proceeds 74870-74872
§ 74871
California Water Code · 2020-11 edition · updated 2026-10-04 · California
The proceeds from the sale of bonds shall be paid into the treasury of the district, placed to the credit of a special fund, and expended only for the purpose for which the indebtedness was created.
(Added by Stats. 1965, Ch. 75.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code