The receipts from the rates or charges may also be used to reduce the principal or interest of any bonded indebtedness that the waterworks district may have.
Cal. Water Code § 55502
General Provisions
Known as the County Waterworks District Law
The act spans §§ 55000–55991 (184 sections).
Amended by Stats. 1971, Ch. 674.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.