Cal. Water Code § 36554
Cal. Water Code § 36554
California · California Water Code · Status: effective
Cite this
- Citation
- Cal. Water Code § 36554, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/942633
- Permanent ID
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Full text
The annual estimate may include an amount to be determined by the board but not to exceed 1 percent of the total assessed value of the land, which sum shall be apportioned to the bond fund and used for the redemption or purchase of unmatured bonds or for the creation of a sinking fund to pay bonds as they become due.