Code Section

Water Code - WAT

DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978]

  ( Division 11 added by Stats. 1943, Ch. 372. )
  

PART 9. BONDS [24950 - 25402]

  ( Part 9 added by Stats. 1943, Ch. 372. )
  

CHAPTER 3. General Bond Provisions [25200 - 25354]

  ( Chapter 3 added by Stats. 1943, Ch. 372. )
  

ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264]
  ( Article 3 added by Stats. 1943, Ch. 372. )

  
25261.  

The allocation may be for either or both:

(a) Payment of the whole or any part of the principal or interest or both of any bonds payable solely from revenue.

(b) As additional security for the payment of the whole or any part of the principal or interest or both of any bonds payable from assessments.

(Added by Stats. 1943, Ch. 372.)