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HomeWater CodeDiv. 5Pt. 5Ch. 6Art. 6§ 9471 Bond Fund Payment Rules

§ 9471 Bond Fund Payment Rules

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

§ 9471 Bond Fund Payment Rules

Key Takeaways

  • •Money collected for a specific project is kept safe by the state.
  • •This money can only be used to pay back the loans and interest for that project.
  • •The state makes sure the money is used only for what it was meant for.

Example

A town collects money to build a new park.

The money collected for the park can only be used to pay back the loans and interest for building the park, not for anything else like fixing roads.

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

Official Source
View on CA.gov

§ 9471 Bond Fund Payment Rules

The bond fund of each assessment shall be held by the State Treasurer and shall be applied by him toward the payment of the bonds and coupons thereon based upon the assessment, as the bonds and coupons fall due. (Added by Stats. 1943, Ch. 369.)

Last verified: January 23, 2026

Key Terms

assessmentstate treasurer

Related Statutes

  • § 9465 Bond Sale Fund Allocation
  • § 9470 Bond Cancellation By Treasurer
  • § 9475 Bond Warrant Payment Process
  • § 9477 Payment Of Assessment Warrants
  • § 9459 Bond Payment From Fund

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 9471.
View Official Source