All sums received as accrued interest on the sale of any issue of bonds issued pursuant to this chapter shall be applied to the payment of interest on or principal of bonds of that issue.
Cal. Pub. Util. Code § 13171
Proceeds
Known as the Municipal Utility District Act
The act spans §§ 11501–14403 (486 sections).
Added by Stats. 1957, Ch. 2237.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.