Cal. Water Code § 31651

California · California Water Code · Status: effective

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Citation: Cal. Water Code § 31651, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/941682
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If the maturity of the indebtedness created by an issue of bonds begins more than one year after the date of issuance, a tax shall be levied and collected pursuant to this part annually sufficient to pay the interest on the indebtedness as it falls due and also to constitute a sinking fund for the payment of the principal of the bonds on or before maturity.