No bonds shall be given in payment for property or rights at a valuation less than 90 percent of their face value and accrued interest.
Cal. Water Code § 43502
Acquisition of Property
Known as the California Water Storage District Law
The act spans §§ 39000–48401 (681 sections).
Added by Stats. 1951, Ch. 391.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.