All interest paid on any unbonded assessment shall be deposited with the county treasurer in the “warrant interest fund” and be used only for the payment of interest on warrants unless the board requests the county treasurer to transfer all or a part of the fund to the general fund or maintenance fund of the district.
Cal. Water Code § 51501
General Provisions
Amended by Stats. 1953, Ch. 879.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.