California Water Code

§ 35478

WAT § 35478 Effective Feb 4, 1980Div. 13 · Part 5 · Ch. 2 · Art. 4

Statute text

All revenue bond redemption and interest charges are a first lien on all revenues received from the sale of water unless the district, by a limitation clearly expressed in the ballots used at the election at which the bonds are voted and in all the bonds, limits the charge and lien to a part of the revenues of the district or to a fixed portion of all revenues from the sale and use of water.

Legislative history

Amended by Stats. 1980, Ch. 6, Sec. 3. Effective February 4, 1980.