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 9. Finances |
ARTICLE 6. Investment and Use of Surplus Money |
Section 11842.
Latest version.
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If the proceedings authorizing the issuance of bonds do not require surplus revenues to be held or applied in any particular manner, they shall be allocated and used for such other purposes incidental to the construction, operation, and maintenance of the project and for making necessary replacements thereto as the department may determine.
(Amended by Stats. 1957, Ch. 1932.)