GroundRules
WAT § 31651
Where this section sits in the code
- Water Code - WAT
- DIVISION 12. COUNTY WATER DISTRICTS [30000. - 33901.]
- PART 7. TAXES [31650. - 31822.]
- CHAPTER 1. General Provisions [31650. - 31680.]
- ARTICLE 1. In General [31650. - 31653.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON