Cal. WAT § 9539
This is the official text of Cal. WAT § 9539, part of California’s Water Code — governs water rights and water resource management.
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Official statutory text
No bid for any parcel shall be accepted less than the aggregate sum then due for the installment or installments thereon, together with the penalty, except that the county treasurer may receive from any purchaser at their face value, in lieu of cash, bonds of the drainage district issued upon the assessment, or their interest coupons, if the bonds or coupons are then matured or will mature within one year after such sale.
Status: in_force · Read it on the official government site
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