California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 11. IRRIGATION DISTRICTS |
Part 9. BONDS |
Chapter 3. General Bond Provisions |
ARTICLE 4. Allocation of Revenue to Reserve Fund |
Section 25280.
Latest version.
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Any sources of revenue of any district may, by order of its board, be irrevocably allocated to a reserve fund established to pay the interest or principal of any bonds.
(Amended by Stats. 1991, Ch. 1226, Sec. 59.)