Public Utilities Code section 22777

The board of supervisors shall issue the district bonds in the number and amount specified in the bond proceedings. The board of supervisors shall provide that the bonds are payable out of the interest and sinking fund of the district, naming the fund, and that the money for redemption of the bonds and payment of the interest shall be raised by taxation upon the taxable property in the district.

Source: Section 22777, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=PUC§ionNum=22777.­ (updated Jan. 1, 1953; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 22777's source at ca​.gov