There is a newer version of the California Code
2011 California Code
Water Code
DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978]
ARTICLE 2. Payment and Purchase of Bonds
Section 24506
CA Water Code § 24506 (through 2012 Leg Sess) What's This?
Whenever there is in any fund of the district money in excess of that required for the purposes of the fund up to the time when any part of the next annual assessment levied or to be levied in the district will become delinquent, the district may purchase with this surplus money or any part of it any of its outstanding bonds not yet due.
(Added by Stats. 1943, Ch. 372.)
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