§ 25261
56 words·~1 min read·
/ca/water-code/25261A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The allocation may be for either or both:
(a)Payment of the whole or any part of the principal or interest or both of any bonds payable solely from revenue.
(b)As additional security for the payment of the whole or any part of the principal or interest or both of any bonds payable from assessments.