{"code":"WAT","codeName":"Water Code","section":"52861","citation":"Wat. Code, § 52861","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 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850. - 52862.]","url":"https://blackletter.si/water-code/division-15/part-8/chapter-5"}],"history":"Added by Stats. 1951, Ch. 336.","effective":null,"html":"<p>No purchase of bonds shall be made pursuant to subdivision (a) of Section <a href=\"/wat/52859\">52859</a> unless the unpaid principal amount of the assessment securing such bonds is in excess of the principal amount of outstanding and authorized bonds secured by such assessment.</p>","text":"No purchase of bonds shall be made pursuant to subdivision (a) of Section 52859 unless the unpaid principal amount of the assessment securing such bonds is in excess of the principal amount of outstanding and authorized bonds secured by such assessment.","otherVersions":[],"url":"https://blackletter.si/water-code/creation-of-reserve-fund-pursuant-to-agreement-with-the-52861","source":"California Legislative Information bulk export (pubinfo)"}