California Water Code 13870 – All money repaid to the state pursuant to any contract executed under …
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All money repaid to the state pursuant to any contract executed under the provisions of Section 13861 shall be deposited in the General Fund and when so deposited shall be applied as a reimbursement to the General Fund on account of principal and interest on bonds issued pursuant to this chapter which has been paid from the General Fund.
(Added by Stats. 1975, Ch. 1008. Approved in Proposition 3 at the June 8, 1976, election.)
Terms Used In California Water Code 13870
- Contract: A legal written agreement that becomes binding when signed.
- Fund: means the California Safe Drinking Water Fund. See California Water Code 13857
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18