{"code":"WAT","codeName":"Water Code","section":"31651","citation":"Wat. Code, § 31651","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 12. COUNTY WATER DISTRICTS [30000. - 33901.]","url":"https://blackletter.si/water-code/division-12"},{"name":"PART 7. TAXES [31650. - 31822.]","url":"https://blackletter.si/water-code/division-12/part-7"},{"name":"CHAPTER 1. General Provisions [31650. - 31680.]","url":"https://blackletter.si/water-code/division-12/part-7/chapter-1"},{"name":"ARTICLE 1. In General [31650. - 31653.]","url":"https://blackletter.si/water-code/division-12/part-7/chapter-1/article-1"}],"history":"Added by Stats. 1949, Ch. 274.","effective":null,"html":"<p>If the maturity of the indebtedness created by an issue of bonds begins more than one year after the date of issuance, a tax shall be levied and collected pursuant to this part annually sufficient to pay the interest on the indebtedness as it falls due and also to constitute a sinking fund for the payment of the principal of the bonds on or before maturity.</p>","text":"If the maturity of the indebtedness created by an issue of bonds begins more than one year after the date of issuance, a tax shall be levied and collected pursuant to this part annually sufficient to pay the interest on the indebtedness as it falls due and also to constitute a sinking fund for the payment of the principal of the bonds on or before maturity.","otherVersions":[],"url":"https://blackletter.si/water-code/in-general-31651","source":"California Legislative Information bulk export (pubinfo)"}