§ 11722 Bond Payment Revenue Lien

Water Code·California

AI SummaryVerified

This law says that money from a project must first be used to pay back bonds and interest before anything else.

Key Takeaways

•Money from a project must pay back bonds and interest first.
•This rule applies to all money made from the project, including extra money saved up.
•Other uses for the money come only after the bonds and interest are paid.

Example

A city builds a new park using borrowed money (bonds).

The money earned from the park (like fees or rentals) must first go to paying back the borrowed money and its interest before being used for anything else.

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

Official Source

View on CA.gov

§ 11722 Bond Payment Revenue Lien

All bond redemption and interest payments shall constitute a first and direct charge and lien on all revenues received from the operation of the project, on all interest accruing from such revenues, and on all sinking funds created out of such revenues. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

bond redemption interest payments first and direct charge and lien revenues sinking funds

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11722.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References