§ 11771 Bond Payment Transfers

Water Code·California

AI SummaryVerified

This law says the Treasurer must move money from the revenue fund to pay back bonds on time.

Key Takeaways

•The Treasurer has to pay back bonds using money from the revenue fund.
•Payments include both the interest and the original amount borrowed.
•This must be done on time as agreed when the bonds were sold.

Example

Imagine the city borrowed money by selling bonds to build a new park.

The Treasurer has to take money from the city's revenue fund to pay back the people who bought the bonds, including interest, when it's due.

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

Official Source

View on CA.gov

§ 11771 Bond Payment Transfers

After the periods mentioned in the next preceding section the Treasurer shall transfer from the revenue fund to the place or places named in the bonds the sums required to pay the interest on the bonds and redeem the principal thereof as such interest payments and bond redemptions fall due for all bonds issued and sold. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

Treasurer revenue fund interest principal bonds

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11771.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References