The proceeds from the sale of bonds shall be paid into the treasury of the district, placed to the credit of a special fund, and expended only for the purpose for which the indebtedness was created.
Cal. Water Code § 74871
Sale of Bonds and Use of Proceeds
Known as the Water Conservation District Law
The act spans §§ 74000–76501 (513 sections).
Added by Stats. 1965, Ch. 75.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.