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 8. Retirement of Bonds |
Section 11781.
Latest version.
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In the event the bonds cannot be purchased at a price satisfactory to the department and are not by their terms callable prior to maturity such surplus shall be paid into the fund applicable to the payment of principal and interest of the bonds and shall be used for that purpose.
(Amended by Stats. 1957, Ch. 1932.)