{"code":"WAT","codeName":"Water Code","section":"52556","citation":"Wat. Code, § 52556","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 15. RECLAMATION DISTRICTS [50000. - 53901.]","url":"https://blackletter.si/water-code/division-15"},{"name":"PART 8. BONDS AND REFUNDING BONDS [52100. - 52862.]","url":"https://blackletter.si/water-code/division-15/part-8"},{"name":"CHAPTER 3. General Refunding Bonds [52500. - 52602.]","url":"https://blackletter.si/water-code/division-15/part-8/chapter-3"},{"name":"ARTICLE 3. Sale [52550. - 52561.]","url":"https://blackletter.si/water-code/division-15/part-8/chapter-3/article-3"}],"history":"Added by Stats. 1951, Ch. 336.","effective":null,"html":"<p>The proceeds of the sale of refunding bonds shall be placed in the county treasury to the credit of the bond fund, and used only in payment of the principal of the outstanding bonds to be refunded by the refunding bonds so sold.</p>","text":"The proceeds of the sale of refunding bonds shall be placed in the county treasury to the credit of the bond fund, and used only in payment of the principal of the outstanding bonds to be refunded by the refunding bonds so sold.","otherVersions":[],"url":"https://blackletter.si/water-code/sale-52556","source":"California Legislative Information bulk export (pubinfo)"}