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HomeWater CodeDiv. 6Pt. 3Ch. 8Art. 2§ 11708 Bondholder Enforcement Of Duties

§ 11708 Bondholder Enforcement Of Duties

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

§ 11708 Bondholder Enforcement Of Duties

This law says that if the government sells bonds to build something (like a road or a school), the people who bought those bonds can make sure the government does what it promised with the money.

Key Takeaways

  • •If the government sells bonds for a project, they have to use the money for that project.
  • •People who buy bonds can make the government follow the rules.
  • •This includes building the project, collecting money from it, and spending the bond money the right way.

Example

The government sells bonds to build a new park but then spends the money on something else.

The people who bought the bonds can go to court and force the government to use the money for the park like they said they would.

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

Official Source
View on CA.gov

§ 11708 Bondholder Enforcement Of Duties

The holder of any bond may by mandamus or other appropriate proceedings require and compel the performance of any of the duties imposed upon any state department, official, or employee in connection with any of the following: (a) The construction of the project. (b) The collection, deposit, application, and disbursement of all revenues derived from the operation and use of the project. (c) The deposit and disbursement of the proceeds received from the sale of bonds. (Amended by Stats. 1957, Ch. 1932.)

Last verified: January 11, 2026

Key Terms

bondmandamusconstruction of the projectrevenuesproceeds received from the sale of bonds

Related Statutes

  • § 11705 Central Valley Project Bonds
  • § 11706 Bond Proceeds Investment Rules
  • § 11707 Bondholder Protection Requirements
  • § 11709 Bondholder Rights Preservation
  • § 11710 State Bond Loan Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11708.
View Official Source