Water Code section 36323

All revenue bonds of the same issue shall be equally and ratably secured without priority by reason of number, date of bonds, of sale, of execution, or of delivery, by a lien on the district’s revenue in accordance with the provisions of this division and the resolutions authorizing the issuance of the bonds.

Source: Section 36323, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=WAT§ionNum=36323.­ (updated Jan. 1, 1951; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 36323's source at ca​.gov