Wat. Code, § 35902 · Chapter 1. Funds and Warrants
Wat. Code, § 35902
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The treasurer shall establish for the district a general obligation bond fund and a general fund and shall apportion the district money to the funds as follows:
(a) To the general obligation bond fund, that portion of the money received from the collection of assessments or from the sale of property for delinquent assessments which bears the same proportion to the total amount received from the collection of assessments or from the sale of property for delinquent assessments as that portion of the estimate of the board on which the assessment was based which is required for the payment of general obligation bonds and the interest thereon bears to the whole amount of the estimate.
(b) To the general fund, the balance of all money received.
Notes and commentary — not statutory text
History
Added by Stats. 1951, Ch. 390.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=35902.
- Text hash
- sha256 fc4019ed1a993d4a3418e497d752a21a2448f51ad18319f158ae664cfad17b69
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
Provisions in this library whose text cites Wat. Code, § 35902. Each shows the citation as that text prints it.
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