There is a newer version of the California Code
2011 California Code
Water Code
DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978]
ARTICLE 1. Funds Generally
Section 24485
CA Water Code § 24485 (through 2012 Leg Sess) What's This?
The proceeds from the lease or sale of any property specifically allocated to the payment of warrants shall be placed in a separate fund and shall not be diverted to any other purpose until the warrants are paid in full.
(Added by Stats. 1943, Ch. 372.)
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