California Water Code ARTICLE 1 - Funds Generally

  • Section 24475.
    The following funds are created to which district money properly belonging shall be apportioned:(a) Bond principal fund.(b) Bond interest fund.(c) Construction fund.(d) General fund.(Added by Stats. 1943, Ch. 372.)
  • Section 24476.
    A district may provide for a reserve fund to be used for the payment of the interest or principal of any outstanding bonds. If the...
  • Section 24477.
    A district may establish any fund required to comply with the terms of any plan by which any bonds are to be paid.(Added by Stats....
  • Section 24478.
    To the extent that any fund contains money applicable to a sinking fund provided for in a refunding plan or modification of it, the treasurer...
  • Section 24479.
    Surplus funds on hand and available for payment into a refunding bond sinking fund may on order of the board be paid into it.(Added by...
  • Section 24480.
    Any money in a refunding bond sinking fund may be invested in bonds of the United States or of this State.(Added by Stats. 1943, Ch.
  • Section 24481.
    Federal and State bonds so purchased with the sinking fund money together with the income from them shall be held as part of the sinking...
  • Section 24482.
    The proceeds from the sale of any bonds in which any part of the sinking fund was invested shall be deposited in the sinking fund.(Added...
  • Section 24483.
    The proceeds of the annual assessment shall be paid into the district treasury and be apportioned to the several proper funds.(Added by Stats. 1943, Ch.
  • Section 24484.
    The proceeds of limited assessments shall be paid into the district treasury for the purpose for which the assessments were respectively authorized.(Added by Stats. 1943,...
  • Section 24485.
    The proceeds from the lease or sale of any property specifically allocated to the payment of warrants shall be placed in a separate fund and...
  • Section 24486.
    Whenever an object for which money has been specifically provided by district assessment or by bond issue has been accomplished and any money provided therefor...

Last modified: October 22, 2018