LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeWater CodeDiv. 6Pt. 3Ch. 8Art. 7§ 11772 Bond Payment Fund Segregation

§ 11772 Bond Payment Fund Segregation

Water Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 11772 Bond Payment Fund Segregation

This law says that money set aside to pay back loans (called bonds) can only be used for that purpose.

Key Takeaways

  • •Money for paying back loans must be kept separate.
  • •This money can't be used for anything else.
  • •It's like having a piggy bank just for loan payments.

Example

A city takes a loan to build a new park.

The money the city gets to pay back that loan can't be used for anything else, like fixing roads or paying teachers.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 11772 Bond Payment Fund Segregation

All funds transferred for the payment of principal or interest on bonds shall be segregated and applied solely for the payment of the principal and interest. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

funds transferredpayment of principal or interestbondssegregated

Related Statutes

  • § 11770 Construction Bond Interest Payments
  • § 11771 Bond Payment Transfers
  • § 11700 Department Bond Issuance Authority
  • § 11707 Bondholder Protection Requirements
  • § 11723 Bond Revenue Collection Continuation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11772.
View Official Source