California · Water Code
WAT §11762: The department may agree with the purchaser of bonds upon any conditions or limitations restricting the disbursement of the proceeds that may be deemed advisable for the purpose of assuring the proper
What this law says, in plain English
The department may agree with bond purchasers on conditions or limitations for how bond proceeds are disbursed to ensure proper use.
Read the full statutory text
The department may agree with the purchaser of bonds upon any conditions or limitations restricting the disbursement of the proceeds that may be deemed advisable for the purpose of assuring the proper application of the proceeds.
Verify at the official source: California legislative text
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