Water Code section 36554

The annual estimate may include an amount to be determined by the board but not to exceed 1 percent of the total assessed value of the land, which sum shall be apportioned to the bond fund and used for the redemption or purchase of unmatured bonds or for the creation of a sinking fund to pay bonds as they become due.

Source: Section 36554, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=36554. (accessed May 4, 2025).

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Last Updated

Apr. 24, 2025

§ 36554’s source at ca.gov

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Location: https://california.public.law/codes/water_code_section_36554

Original Source: Section 36554, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=36554. (last accessed Apr. 24, 2025).