California Water Code ARTICLE 3 - Allocation of Revenue to Bond Payment

• Section 25260.
  Any designated revenue may by resolution of the board be allocated to the payment of the whole or any portion of the principal or interest...
• Section 25261.
  The allocation may be for either or both:(a) Payment of the whole or any part of the principal or interest or both of any bonds payable...
• Section 25262.
  Until the payment or retirement of the bonds for the benefit of which an allocation was made, the revenue allocated shall be applied solely to...
• Section 25263.
  An allocation may be made for the exclusive benefit of any one or more issues or portions of issues of bonds of a district designated...
• Section 25264.
  Any allocation shall be irrevocable until all of the bonds for which the allocation was made and their appurtenant coupons have been paid or retired.(Added...

Last modified: October 22, 2018