California Water Code

§ 52735

WAT § 52735Div. 15 · Part 8 · Ch. 4 · Art. 2

Statute text

In any year in which the district has surplus funds from other sources available for the sinking fund payment and has deposited such funds in the sinking fund the call of assessment for sinking fund purposes for that year shall be limited to any amount by which the amount of the sinking fund payment exceeds the amount of surplus funds so deposited.

Legislative history

Added by Stats. 1951, Ch. 336.