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DIVISION 15. RECLAMATION DISTRICTS 50000-53901›PART 8. BONDS AND REFUNDING BONDS 52100-52862›CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States 52850-52862

§ 52853

California Water Code · 2026-09 edition · updated 2026-10-03 · California

The county treasurer shall call such part of the principal of the assessment securing the refunding bonds, not exceeding the amount by which the unpaid principal amount of the assessment exceeds the principal amount of bonds secured thereby, as is necessary to restore the amount of depletion of the reserve fund caused by authorized payments therefrom.

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

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California Water Code

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