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California Code, Water Code - WAT § 8164

Current as of January 01, 2023 | Updated by FindLaw Staff

The proceeds of the collection of such drainage district taxes and assessments shall be applied solely and exclusively to the payment of the principal and interest for which they were levied and the surplus, if any, of the proceeds of such collections shall be deposited in the county treasury to the credit of the interest and sinking fund of such flood control district and used solely and exclusively for the payment of principal and interest of the bonds of such flood control district.

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Cite this article: FindLaw.com - California Code, Water Code - WAT § 8164 - last updated January 01, 2023 | https://codes.findlaw.com/ca/water-code/wat-sect-8164/

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