California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES |
Part 3. CENTRAL VALLEY PROJECT |
Chapter 8. Bonds |
ARTICLE 3. Payment from Revenue |
Section 11722.
Latest version.
-
All bond redemption and interest payments shall constitute a first and direct charge and lien on all revenues received from the operation of the project, on all interest accruing from such revenues, and on all sinking funds created out of such revenues.
(Added by Stats. 1943, Ch. 370.)