The proceeds of the bonds shall be placed in the district treasury to the credit of the proper fund, and shall be used exclusively for the objects or purposes for which the bonds were voted.
Cal. Pub. Util. Code § 13262
Issue and Sale
Known as the Municipal Utility District Act
The act spans §§ 11501–14403 (486 sections).
Applied in 1 court decision — leading case 16 Cal. App. 3d 910 - East Bay Municipal Utility District v. Sindelar (1971)
Most recently applied in 16 Cal. App. 3d 910 - East Bay Municipal Utility District v. Sindelar (April 1971)
Enacted by Stats. 1951, Ch. 764.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.