Any sources of revenue of any district may, by order of its board, be irrevocably allocated to a reserve fund established to pay the interest or principal of any bonds.
Cal. Water Code § 25280
Allocation of Revenue to Reserve Fund
Known as the Irrigation District Law
The act spans §§ 20500–29978 (1,017 sections).
Amended by Stats. 1991, Ch. 1226, Sec. 59.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.