Cal. WAT § 11781
This is the official text of Cal. WAT § 11781, part of California’s Water Code — governs water rights and water resource management.
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Official statutory text
In the event the bonds cannot be purchased at a price satisfactory to the department and are not by their terms callable prior to maturity such surplus shall be paid into the fund applicable to the payment of principal and interest of the bonds and shall be used for that purpose.
Status: in_force · Read it on the official government site
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