{"code":"WAT","codeName":"Water Code","section":"35997","citation":"Wat. Code, § 35997","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 13. CALIFORNIA WATER DISTRICTS [34000. - 38501.]","url":"https://blackletter.si/water-code/division-13"},{"name":"PART 6. FINANCIAL PROVISIONS [35900. - 36458.1.]","url":"https://blackletter.si/water-code/division-13/part-6"},{"name":"CHAPTER 2. Provisions Relating to All Bonds [35950. - 36064.]","url":"https://blackletter.si/water-code/division-13/part-6/chapter-2"},{"name":"ARTICLE 3. Sale and Exchange of Bonds [35995. - 35998.1.]","url":"https://blackletter.si/water-code/division-13/part-6/chapter-2/article-3"}],"history":"Added by Stats. 1951, Ch. 390.","effective":null,"html":"<p>Except as otherwise provided in Section <a href=\"/wat/36170\">36170</a>, a district shall not sell or exchange any of its bonds for less than par value plus the accrued interest thereon.</p>","text":"Except as otherwise provided in Section 36170, a district shall not sell or exchange any of its bonds for less than par value plus the accrued interest thereon.","otherVersions":[],"url":"https://blackletter.si/water-code/sale-and-exchange-of-bonds-35997","source":"California Legislative Information bulk export (pubinfo)"}