2011 California Code
Water Code
DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978]
CHAPTER 3.5. Alternative Provisions for the Formation of Improvement Districts and the Issuance of Bonds Therefor
Section 23917
The treasurer shall establish a separate fund for general obligation bonds of the district for each improvement district to which shall be apportioned money properly belonging to such general obligation bond fund. The money in any separate general obligation bond fund shall be used for the payment of bonds of the district for the particular improvement district and interest thereon and until the bonded indebtedness of the district therefor is discharged shall not be used for any other purpose.
(Added by Stats. 1963, Ch. 580.)
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.
