Cal. Wat. Code § 44908

Current through the 2023 Legislative Session.
Section 44908 - Allocation of proceeds of lease or sale of property to payment of warrants payable at future time

If any district owns any property which it is authorized to lease or sell, its board may in the contract providing for the issuance of warrants payable at a future time, agree that the proceeds of the lease or sale of the property, not required by law to be used for other purposes, shall be allocated to the payment of these warrants.

Ca. Water Code § 44908

Added by Stats. 1961, Ch. 1367.