There is a newer version of the California Code
2010 California Code
Water Code
Article 2. Sale And Exchange Of Bonds
WATER CODE
SECTION 36170-36172
36170. The board may order general obligation bonds sold at not less than 90 percent of par value when the board deems it for the best interest of the district to do so. 36171. General obligation bonds may be exchanged dollar for dollar for bonds of the State. 36172. Bonds of the State that may be received for general obligation bonds shall be placed to the credit of the district to be sold as the board may direct, for not less than par value.
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.