(a) Notwithstanding the provisions of Section 35903, any amount in the general obligation bond fund in excess of the amount needed to pay principal and interest on bonds during the then current fiscal year and the succeeding fiscal year may be transferred by the treasurer to the general fund.
(b) This section shall apply only to the Fern Valley Water District.
(Added by Stats. 1979, Ch. 269.)
Last modified: October 25, 2018