§ 75372
54 words·~1 min read·
/ca/water-code/75372A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The assessment tax levied to pay bond principal and interest, when collected, shall be paid into the bond fund of the district and shall be used only for the payment of principal and interest of the bonds of the district and for no other purpose until such principal and interest have been fully paid.