The department may agree with the purchaser of bonds upon any conditions or limitations restricting the disbursement of the proceeds that may be deemed advisable for the purpose of assuring the proper application of the proceeds.
Cal. Water Code § 11762
Disposition of Proceeds from Bond Sale
Amended by Stats. 1957, Ch. 1932.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.