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HomeWater CodeDiv. 6Pt. 3Ch. 8Art. 2§ 11705 Central Valley Project Bonds

§ 11705 Central Valley Project Bonds

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

§ 11705 Central Valley Project Bonds

This law says that special money-borrowing papers (called bonds) can be made by a group called the department to help pay for the Central Valley Project. These bonds are only the department's responsibility.

Key Takeaways

  • •The department can issue bonds to fund the Central Valley Project.
  • •Only the department is responsible for paying back these bonds.
  • •The bonds are called 'Central Valley Project revenue bonds'.

Example

Imagine a big water project, like building canals and dams, needs money to finish.

The department can borrow money by selling bonds, but only they have to pay it back—not the whole state.

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

Official Source
View on CA.gov

§ 11705 Central Valley Project Bonds

Bonds shall be issued in the name of the department and shall constitute obligations only of the department and shall be identified as Central Valley Project revenue bonds. (Amended by Stats. 1957, Ch. 1932.)

Last verified: January 11, 2026

Key Terms

Central Valley Project revenue bondsdepartment

Related Statutes

  • § 11706 Bond Proceeds Investment Rules
  • § 11707 Bondholder Protection Requirements
  • § 11708 Bondholder Enforcement Of Duties
  • § 11709 Bondholder Rights Preservation
  • § 11710 State Bond Loan Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11705.
View Official Source