§ 74753

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

Upon presentation of any matured bond, or any matured interest coupon on any bond of the district, the treasurer shall pay it from the bond fund. If funds are not available for the payment of any such matured bond or interest coupon, it shall draw interest at the rate of 7 percent per annum from the date of its presentation for payment until notice is given that funds are available for its payment, and it shall be stamped and provision made for its payment, as in the case of a warrant for the payment of which funds are not available on its presentation.

(Added by Stats. 1965, Ch. 75.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Water Code

California Water Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.