2007 California Water Code Article 1. Permissive

CA Codes (wat:53200-53202)

53200.  The board, at the request of the holder of any warrant, may
cancel it and issue two or more warrants in lieu thereof.



53201.  If the canceled warrant has been registered each new warrant
shall state that it is issued partly in lieu of a registered
warrant, giving the dates of issuance and registration thereof, and
upon registration of the new warrant it shall be considered as
registered upon the date of registration of the canceled warrant.




53202.  New warrants issued pursuant to this article shall be issued
for the principal only of the old warrant, but, upon registration,
shall bear interest from the date of registration of the canceled
warrant.