BlackletterCalifornia law

Water Code § 52861

CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States

Current as of September 28, 2026Wat. Code, § 52861Official source ↗

Added by Stats. 1951, Ch. 336.

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.