{"code":"WAT","codeName":"Water Code","section":"44776","citation":"Wat. Code, § 44776","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000. - 48401.]","url":"https://blackletter.si/water-code/division-14"},{"name":"PART 7. FINANCIAL ORGANIZATION [44400. - 44963.]","url":"https://blackletter.si/water-code/division-14/part-7"},{"name":"CHAPTER 3. Funds [44750. - 44853.]","url":"https://blackletter.si/water-code/division-14/part-7/chapter-3"},{"name":"ARTICLE 2. Proceeds of Assessments [44775. - 44778.]","url":"https://blackletter.si/water-code/division-14/part-7/chapter-3/article-2"}],"history":"Added by Stats. 1951, Ch. 391.","effective":null,"html":"<p>Money collected upon any assessment upon which bonds have been issued shall be used exclusively for the payment of principal and interest of the bonds issued on the assessment.</p>","text":"Money collected upon any assessment upon which bonds have been issued shall be used exclusively for the payment of principal and interest of the bonds issued on the assessment.","otherVersions":[],"url":"https://blackletter.si/water-code/proceeds-of-assessments-44776","source":"California Legislative Information bulk export (pubinfo)"}