California · Water Code

WAT §8982: Upon payment of the warrants the proceeds thereof shall be returned into the fund out of which the purchase or investment was made.

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What this law says, in plain English

When warrants are paid, the money received must be returned to the fund from which the warrants were originally purchased or invested.

Read the full statutory text
Upon payment of the warrants the proceeds thereof shall be returned into the fund out of which the purchase or investment was made.

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