reglab/housing_qa huggingface dataset:
CA Water Code § 11752 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 5 - Issuance and Sale|Section 11752.

11752.  Successive issues of bonds shall have equal preference with respect to the redemption thereof and the payment of interest thereon, but the department may fix different maturity dates serially or otherwise for successive issues.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11753 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 5 - Issuance and Sale|Section 11753.

11753.  All bonds issued are negotiable instruments.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11754 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 5 - Issuance and Sale|Section 11754.

11754.  All bonds authorized for issuance by the department shall be sold by the Treasurer at public sale by bid or at private sale by negotiation, as directed by the department after consultation with the Treasurer. If the bonds are to be sold by a negotiated sale, the Treasurer shall select the underwriter or underwriters after consultation with the department.(Amended by Stats. 1986, Ch. 719, Sec. 4. Effective September 15, 1986.)
CA Water Code § 11755 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 5 - Issuance and Sale|Section 11755.

11755.  The department may borrow money in anticipation of the sale of bonds duly authorized to be issued, but which have not yet been sold and delivered, and for that purpose may issue negotiable bond anticipation bonds and may renew such bond anticipation bonds from time to time, but the maximum maturity of any such bond anticipation bonds, including the renewals thereof, shall not exceed five years from the date of the original bond anticipation bonds. Such bond anticipation bonds may be issued at public or private sale. The department may provide, by resolution, for issuance at such maturities, interest rates, in such form, and under such other terms and conditions as the department, in its discretion, may determine.The proceeds from the sale of such bond anticipation bonds shall be used only for the purposes for which may be used the proceeds of the sale of bonds in anticipation whereof they were issued. Such bond anticipation bonds shall not be issued in an amount in excess of the aggregate amount of bonds authorized to be issued, less the amount of any of such authorized bonds previously sold, and also less the amount of other bond anticipation bonds issued in anticipation thereof and then outstanding.The principal of such bond anticipation bonds may be paid from any moneys available therefor and not otherwise pledged. If such bond anticipation bonds, or any portion thereof, have not been previously paid, they shall be paid from the proceeds of the next sale of bonds in anticipation whereof they were issued.Interest on such bond anticipation bonds shall be payable from the same funds from which the interest on the bonds in anticipation whereof they were issued is payable. Interest on the bond anticipation bonds may be paid out of proceeds thereof.(Added by Stats. 1975, Ch. 828.)
CA Water Code § 11760 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 6 - Disposition of Proceeds from Bond Sale|Section 11760.

11760.  The proceeds from the sale of bonds shall be paid to the Treasurer or the designee of the Treasurer to the credit of the construction fund.(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 5. Effective June 6, 1991.)
CA Water Code § 11761 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 6 - Disposition of Proceeds from Bond Sale|Section 11761.

11761.  The proceeds shall be paid out, disbursed, or applied solely for one or more of the following:(a) The construction, reconstruction, and repair of the project.(b) Surveys and the preparation of plans and specifications.(c) Payment of all other costs and expenses prior to and during construction. (d) The acquisition of the necessary water, water rights, rights-of-way, easements, lands, electric power, power resources and facilities, other property of every kind and description, and any appurtenances to that property necessary therefor, including facilities planned and designed in cooperation with, and among, water agencies, water districts, and irrigation districts.(e) The payment of interest becoming due and payable on bonds prior to and during the period of actual construction and for the period of one year after the completion of construction.(f) All costs and expenses during a period of one year after completion of construction only as the need therefor shall arise.(g) The establishment of a debt service reserve fund.(Amended by Stats. 1992, Ch. 427, Sec. 170. Effective January 1, 1993.)
CA Water Code § 11761.5 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 6 - Disposition of Proceeds from Bond Sale|Section 11761.5.

11761.5.  (a) If the department sells bonds to finance a water purchase, the bonds, including all refinancing of the bonds, shall be scheduled to mature within five years of the date of the initial sale of the bonds. (b) (1) Subdivision (a) does not apply to bonds sold to finance a water purchase arrangement which is planned to extend beyond five years, if the bonds, including all refinancing of the bonds, are scheduled to mature not later than the date on which the water purchase arrangement will terminate. (2) “Water purchase arrangement,” for purposes of this subdivision, means a purchase, exchange, or standby agreement entered into by the department with one or more persons or entities to receive water from, or as a result of actions by, those persons or entities for the duration of the agreement. (c) Subdivision (a) does not apply to bonds sold to finance a water purchase for the purpose of long-term carryover storage.(Added by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 7. Effective June 6, 1991.)
CA Water Code § 11762 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 6 - Disposition of Proceeds from Bond Sale|Section 11762.

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 application of the proceeds.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11770 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 7 - Payment of Principal and Interest|Section 11770.

11770.  From the money deposited in the construction fund the State Treasurer shall transfer to the place or places of payment named in the bonds the sums required to pay the interest as it becomes due on all bonds sold and outstanding for the construction of the project during the period of actual construction and during a period of one year after completion thereof.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11771 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 7 - Payment of Principal and Interest|Section 11771.

11771.  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.)
CA Water Code § 11772 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 7 - Payment of Principal and Interest|Section 11772.

11772.  All funds transferred for the payment of principal or interest on bonds shall be segregated and applied solely for the payment of the principal and interest.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11780 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 8 - Retirement of Bonds|Section 11780.

11780.  Any surplus which exists in the construction fund shall be applied to the retirement of bonds issued for construction of the project by purchase or call.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11781 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 8 - Retirement of Bonds|Section 11781.

11781.  In the event the bonds cannot be purchased at a price satisfactory to the department and are not by their terms callable prior to maturity such surplus shall be paid into the fund applicable to the payment of principal and interest of the bonds and shall be used for that purpose.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11782 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 8 - Retirement of Bonds|Section 11782.

11782.  The proceedings authorizing the issuance of bonds may provide limitations and conditions upon the time and manner of applying such surplus to the purchase and call of outstanding bonds.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11783 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 8 - Retirement of Bonds|Section 11783.

11783.  The terms upon which the bonds shall be purchased or called and such limitations and conditions as are mentioned in the preceding section shall be followed and observed in the application and use of such surplus.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11784 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 8 - Bonds|ARTICLE 8 - Retirement of Bonds|Section 11784.

11784.  All bonds retired by purchase or call shall be immediately canceled.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11800 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 1 - General Financial Provisions|Section 11800.

11800.  Money required to meet the costs of construction of the project and all expenses and costs incidental thereto and to meet the costs of operating and maintaining and making necessary replacements thereto shall be paid by the State Treasurer from the proper fund upon demand of the department. Payments shall be made after audit in the manner provided by law and upon warrants drawn by the State Controller.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11801 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 1 - General Financial Provisions|Section 11801.

11801.  All interest received or earned on money deposited in a fund provided for in this part shall be credited to and become a part of the particular fund upon which the interest accrues.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11802 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 1 - General Financial Provisions|Section 11802.

11802.  The proceedings authorizing the issuance of bonds may contain appropriate provisions governing the use and application of bond proceeds and revenues for the purposes specified in this part.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11803 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 1 - General Financial Provisions|Section 11803.

11803.  The department may provide in the proceedings authorizing the issuance of bonds or may otherwise agree with the purchasers of bonds regarding the deposit of all money constituting the construction fund, and the revenue fund and may also provide for the deposit of such money at such times and with such depositaries or paying agents and upon the furnishing of such security as may meet with the approval of the purchasers of the bonds.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11804 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 1 - General Financial Provisions|Section 11804.

11804.  The depositaries and security provided for or agreed upon shall be qualified and eligible in accordance with the requirements of law.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11805 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 1 - General Financial Provisions|Section 11805.

11805.  Notwithstanding anything contained in this part, the proceeds received from the sale of bonds and the revenues received from the operation of the project may be used to defray any expenses incurred by the department in connection with and incidental to the issuance and sale of bonds for the construction of the project, including expenses for the preparation of surveys, plans, and estimates and the making of inspections and examinations required by the purchasers of bonds.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11806 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 1 - General Financial Provisions|Section 11806.

11806.  The amounts required to be transferred by the State Treasurer as provided in this part shall be ascertained and computed by the department and the certificate of the department is conclusive and binding upon the State Treasurer.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11807 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 1 - General Financial Provisions|Section 11807.

11807.  When the department, with the concurrence of the Department of Finance, deems it in the best interests of the state, it may authorize the State Treasurer, upon such terms and conditions as may be fixed by the department, to issue notes, in the manner prescribed by this section, maturing within a period not to exceed five years, payable from revenues received from the operation of the project or from federal reimbursements received under the National Disaster Act, or both. Notes authorized to be issued shall be issued at public sale on a competitive-bid basis upon such notice as the State Treasurer may deem advisable, except that if no bids are received or if such bids are not satisfactory to the State Treasurer, such notes may be issued on a negotiated-bid basis. The proceeds from the sale of such notes shall be used only for the purpose of providing funds for emergency repairs to the project necessitated by natural disasters.All notes issued and any renewals thereof shall be payable at a fixed time, solely from revenues received from the operation of the project or from federal reimbursements received under the National Disaster Act, or both, and not otherwise, except that in the event that sufficient revenues or reimbursements, or both, are not received prior to the maturity of the notes, the State Treasurer shall, in order to meet the notes then maturing, issue renewal notes for such purpose.Every note and any renewal thereof shall be payable from revenues received from the operation of the project or from federal reimbursements received under the National Disaster Act, or both, and not otherwise. The total amount of such notes or renewals thereof issued and outstanding shall at no time exceed anticipated revenues from the operation of the project or federal reimbursements under the National Disaster Act, or both, to be received during the following two years. (Added by Stats. 1971, Ch. 1068.)
CA Water Code § 11810 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 2 - Construction Fund|Section 11810.

11810.  There is in the State Treasury The Central Valley Water Project Construction Fund which is continued in existence.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11811 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 2 - Construction Fund|Section 11811.

11811.  The construction fund shall at all times be kept segregated and set apart from all other funds.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11812 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 2 - Construction Fund|Section 11812.

11812.  Any and all appropriations and contributions received from the United States, the State, any State agency, any political subdivision, or any other source for the purpose of constructing the project, or borrowed therefrom for such purpose, shall be received by the State Treasurer and deposited in and credited to the construction fund.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11813 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 2 - Construction Fund|Section 11813.

11813.  All costs and expenses of the department, including interest due and payable, incurred in performing the duties prescribed in this part prior to and during the construction of the project and for a period of one year after completion thereof, shall be paid out of the construction fund.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11814 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 2 - Construction Fund|Section 11814.

11814.  All the costs and expenses mentioned in the next preceding section shall be charged as a part of the cost of construction of the project and the money in the construction fund is hereby appropriated for such purposes.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11815 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 3 - Revenue Fund|Section 11815.

11815.  There is in the State Treasury the Central Valley Water Project Revenue Fund which is continued in existence.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11816 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 3 - Revenue Fund|Section 11816.

11816.  All revenues received from the operation of the project shall be paid over by the department at least monthly to the State Treasurer.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11817 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 3 - Revenue Fund|Section 11817.

11817.  The State Treasurer shall deposit the revenues to the credit of the revenue fund as demand deposits in a depositary authorized by law to receive deposits of State funds.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11818 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 3 - Revenue Fund|Section 11818.

11818.  The revenue fund shall at all times be kept segregated and set apart from all other funds.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11819 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 3 - Revenue Fund|Section 11819.

11819.  All appropriations and contributions received from the United States, the State, any State agency, any political subdivision, or from any other source for the purpose of maintaining or operating the project, or borrowed therefrom for such purposes, shall be received by the State Treasurer and deposited in and credited to the revenue fund.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11820 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 3 - Revenue Fund|Section 11820.

11820.  After the expiration of one year after the completion of the project, all costs and expenses of the department, including interst due and payable, incurred in performing the duties prescribed in this part shall be paid out of the revenue fund.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11821 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 3 - Revenue Fund|Section 11821.

11821.  The money in the revenue fund is hereby appropriated for the payment of costs and expenses, for the maintenance and operation of the project, for making necessary replacements thereto, and for the payment when due of the principal and interest on all indebtedness incurred under the provisions of this part.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11822 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 9 - Finances|ARTICLE 3 - Revenue Fund|Section 11822.

11822.  The money remaining in the revenue fund after providing the amount required for interest and redemption of bonds shall be devoted to the payment of the costs of operation and maintenance of the project including necessary replacements thereto to the extent necessary.(Added by Stats. 1943, Ch. 370.)