§ 25442
80 words·~1 min read·
/ca/streets-and-highways-code/25442A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of directors may use any available moneys of the district, not already allocated to some other purpose, for the payment of any interest or principal due or past due upon any funding bonds of the district, and may advance moneys of the district for that purpose. If an advancement is made the district shall be entitled to reimbursement out of any levies thereafter made or any moneys thereafter collected and applicable to the payment of the funding bonds.