§ 35471
44 words·~1 min read·
/ca/water-code/35471A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any funds derived pursuant to Section 35470 in excess of the amount necessary for operating or maintenance expenses and other lawful district purposes shall be applied by the treasurer upon the payment of interest on general obligation bonds or to create a sinking fund.