If any issue of refunding bonds are made to mature at one time, the board prior to or at the time of their issuance shall provide for the creation of and payments into a sinking fund for the payment of the bonds in amounts determined by the board.
Cal. Water Code § 25060
Refunding Bond Sinking Fund
Known as the Irrigation District Law
The act spans §§ 20500 to 29978 (1,017 sections).
Amended by Stats. 1991, Ch. 1226, Sec. 51.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.