There is a newer version of the California Code
2011 California Code
Water Code
DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000 - 48401]
ARTICLE 1. In General
Section 46674
CA Water Code § 46674 (through 2012 Leg Sess) What's This?
Except as otherwise provided in Section 46675, in the event the cost of any unit is less than the funds collected therefor, the excess shall be held and used for the benefit of such unit only and shall be applied to the bond fund of such unit, and if there is no bond fund, the excess shall be applied to the operation of such unit.
(Amended by Stats. 1957, Ch. 821.)
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