reglab/housing_qa huggingface dataset:
CA Water Code § 11661 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 7 - Contracts|ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies|Section 11661.

11661.  In addition to the powers conferred by law, and not in derogation or in limitation thereof, any state agency may enter into and execute appropriate contracts with the department for any and all the purposes and objects of this part.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11661.1 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 7 - Contracts|ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies|Section 11661.1.

11661.1.  The department may agree in a contract with a state agency or department of a state agency that payments to be made under a contract for joint development of water conveyance and hydroelectric facilities on the west branch of the California Aqueduct shall be made only from funds under the management and control of the state agency or department of a state agency derived from revenues from the sale of electric energy and are not to be made from funds derived from the levy of taxes upon taxable property within the state agency. The provisions of Sections 11652 to 11655, inclusive, shall not be applicable to contracts containing such a provision.(Added by Stats. 1971, Ch. 758.)
CA Water Code § 11662 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 7 - Contracts|ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies|Section 11662.

11662.  Any State agency may comply with the terms, provisions, and conditions of any contract entered into by it pursuant to this article.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11663 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 7 - Contracts|ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies|Section 11663.

11663.  Any state agency may, in or pursuant to a contract with the department, do any or all of the following:(a) Provide in the contract for the segregation and allocation of any or all revenues received by the state agency from the sale, use or distribution of any water, use of water, electric power, or other facilities to be received, used, or distributed by the state agency under the contract.(b) Pursuant to the contract, segregate, allocate, and devote such revenues solely for the purpose of making payments to the department for water, use of water, electric power, or other facilities to be received, used, or distributed under the contract.(c) Provide in the contract for the pledge of any or all such revenues for the purpose of securing to the department any payments which may become due under the contract.(d) Pursuant to the contract, pledge such revenues for the purpose of securing to the department any payments which may become due under the contract.(e) Promise and agree to establish and maintain a special account to be created in and from its general fund or other appropriate fund.(f) Pursuant to subdivision (e) create, establish, and maintain such special account.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11664 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 7 - Contracts|ARTICLE 3 - Additional Provisions Relating to Contracts with State Agencies|Section 11664.

11664.  All funds accruing to a special account established pursuant to the next preceding section, or deposited therein, in compliance with the terms and provisions of any contract with the department constitute a trust fund for the purpose of making payments to the department as provided in the contract.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11670 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 7 - Contracts|ARTICLE 4 - Contracts Other Than With State Agencies|Section 11670.

11670.  Any contract or lease made by the department with any person, other than a state agency, providing for the furnishing by the department of water, the use of water, water storage, electric power, or other service for resale shall be subject to cancellation by the department upon five years’ notice, and such a contract or lease shall be so canceled in whole or in part whenever the State or any financially responsible state agency makes application for the water, use of water, water storage, electric power, or other service, or any part thereof, covered by the contract or lease and enters into a contract or lease binding itself to take the water, use of water, water storage, electric power, or other service, or any part thereof, and pay for it at a rate or price at least equal to that specified in the contract or lease to be canceled and for a period at least equal to the unexpired portion of the term of such contract or lease.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11671 (2021)
2021 California Code|Water Code - WAT|DIVISION 6 - CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES|PART 3 - CENTRAL VALLEY PROJECT|CHAPTER 7 - Contracts|ARTICLE 4 - Contracts Other Than With State Agencies|Section 11671.

11671.  The department shall not cancel any contract or lease under the next preceding section unless and until it first determines and assures itself that notwithstanding the cancellation, it will receive and be paid a total revenue or consideration at least equal to that which would be received by it were the contract or lease not canceled, and within the unexpired portion of the term of the contract or lease.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11700 (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 1 - Authorization to Issue and Reduction of Aggregate Amount|Section 11700.

11700.  For the purpose of providing money and funds to pay the cost and expense of carrying out any of the objects and purposes of this part, the department may, from time to time, issue bonds. As used in this chapter, “bonds” means revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness payable from the sources provided in this chapter.(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 1. Effective June 6, 1991.)
CA Water Code § 11701 (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 1 - Authorization to Issue and Reduction of Aggregate Amount|Section 11701.

11701.  Whenever the department determines that it is necessary to carry out any of the objects and purposes of this part, it shall prepare preliminary cost estimates, an estimate of the amount required to be raised for those purposes by the issuance of bonds, and a statement of the probable amount of money, property, materials, or labor, if any, to be contributed from other sources in aid thereof, and shall adopt a resolution declaring that the public interest and necessity require the carrying out of those objects and purposes and authorizing the issuance of bonds for the purpose of obtaining funds in an amount not in excess of that estimated to be required for those purposes.(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 2. Effective June 6, 1991.)
CA Water Code § 11705 (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 2 - General Provisions|Section 11705.

11705.  Bonds shall be issued in the name of the department and shall constitute obligations only of the department and shall be identified as Central Valley Project revenue bonds.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11706 (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 2 - General Provisions|Section 11706.

11706.  Any provisions not inconsistent with this part may be contained in the proceedings authorizing the issuance of bonds which limit, restrict, or regulate the holding, deposit, investment, and application of money consisting of the proceeds from the sale of the bonds or the revenues received from the operation of the project, and such provisions shall constitute a contract with the holders of the bonds and be binding upon the department as long as the bonds are outstanding. The proceedings authorizing the issuance of bonds may also contain any provisions not inconsistent with this part which are determined by the department and the Treasurer to be necessary or desirable to improve the marketability of the bonds or lower the interest cost on the bonds to the department.(Amended by Stats. 1986, Ch. 719, Sec. 1.5. Effective September 15, 1986.)
CA Water Code § 11707 (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 2 - General Provisions|Section 11707.

11707.  While any bonds remain outstanding, the powers, duties or existence of the department or any official or agency of the State shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of the bonds.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11708 (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 2 - General Provisions|Section 11708.

11708.  The holder of any bond may by mandamus or other appropriate proceedings require and compel the performance of any of the duties imposed upon any state department, official, or employee in connection with any of the following:(a) The construction of the project.(b) The collection, deposit, application, and disbursement of all revenues derived from the operation and use of the project.(c) The deposit and disbursement of the proceeds received from the sale of bonds.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11709 (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 2 - General Provisions|Section 11709.

11709.  The enumeration of rights and remedies in the next preceding section does not exclude the exercise or prosecution of any other rights or remedies by holders of bonds.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11710 (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 2 - General Provisions|Section 11710.

11710.  The department may contract loans and borrow money from the United States through the sale of bonds upon such conditions and terms as may be agreed to and such bonds shall be subject to all the provisions of this part except the requirement that bonds be first offered at public sale pursuant to advertisement.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11711 (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 2 - General Provisions|Section 11711.

11711.  Temporary or interim bonds, certificates, or receipts, of any denominations and with or without coupons attached thereto, signed by the director, may be issued and delivered until the definitive bonds are executed and available for delivery.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11712 (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 2 - General Provisions|Section 11712.

11712.  The purchase price of bonds shall be paid for the account of the department to the Treasurer or the designee of the Treasurer.(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 3. Effective June 6, 1991.)
CA Water Code § 11713 (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 2 - General Provisions|Section 11713.

11713.  Notwithstanding anything otherwise provided in this part, any expense incurred by the department for advertising, engraving, printing, clerical, legal, or other services necessary to properly perform the services and duties relating to the sale and issuance of bonds shall be paid from the proceeds of the sale of bonds.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11714 (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 2 - General Provisions|Section 11714.

11714.  The department shall return the appropriation made by Chapter 12 of the Statutes of 1935, or so much thereof as is used, with interest thereon at the rate of 4 percent per annum to the General Fund in the State Treasury from the proceeds of the first sale of revenue bonds issued for the construction of the project under the provisions of this part.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11720 (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 3 - Payment from Revenue|Section 11720.

11720.  Bonds issued under this part shall contain a recital on the face thereof that the payment or redemption of the bonds and the payment of interest thereon is secured by a first and direct charge and lien upon the revenues of any nature whatever received from the operation of the Central Valley Project for the construction of which the bonds are issued and that neither the payment of the principal or any part thereof or any interest thereon constitutes a debt, liability, or obligation of the State of California.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11721 (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 3 - Payment from Revenue|Section 11721.

11721.  Bonds issued under this part shall not constitute or be a debt, liability, or obligation of the State. Payment of both principal and interest of all such bonds shall be secured only by the rates, charges, and revenues established or accruing from the use or operation of the project and shall be made from such revenues or from such contributions or appropriations as may be made available under the terms of this part.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11722 (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 3 - Payment from Revenue|Section 11722.

11722.  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.)
CA Water Code § 11723 (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 3 - Payment from Revenue|Section 11723.

11723.  The collection of revenues shall be continued until all bonds with interest thereon are fully redeemed and paid.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11730 (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 4 - Bond Form and Terms|Section 11730.

11730.  The department shall determine the form, conditions, and denominations of all bonds and the dates which the bonds shall bear.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11731 (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 4 - Bond Form and Terms|Section 11731.

11731.  The department and the Treasurer shall determine the interest rate or rates on the bonds. The rate or rates may be fixed or variable and shall not exceed 12 percent per annum, except that the rate on any bond may, on any day, exceed 12 percent per annum if the interest borne by the issue of which the bond is a part from its date of issuance to, and including, that day does not exceed the total interest which would have been borne by the issue if all bonds of the issue had borne interest during that period at the rate of 12 percent per annum.(Amended by Stats. 1986, Ch. 719, Sec. 2. Effective September 15, 1986.)
CA Water Code § 11732 (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 4 - Bond Form and Terms|Section 11732.

11732.  It is not necessary that all bonds of the same authorized issue bear the same interest rate.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11733 (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 4 - Bond Form and Terms|Section 11733.

11733.  Principal and interest on bonds shall be payable at such place or places as may be fixed and determined by the department.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11734 (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 4 - Bond Form and Terms|Section 11734.

11734.  Bonds may contain provisions for registration thereof as to principal only or as to both principal and interest.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11735 (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 4 - Bond Form and Terms|Section 11735.

11735.  Bonds may be issued in coupon form with interest payable at such times as determined by the department and shall mature at such times and in such amounts as the department prescribes.(Amended by Stats. 1983, Ch. 404, Sec. 1. Effective July 27, 1983.)
CA Water Code § 11736 (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 4 - Bond Form and Terms|Section 11736.

11736.  The department may provide for the retirement of bonds at any time or times prior to their maturity and in such manner and upon payment of such premiums as may be fixed and determined in the proceedings providing for the issuance of the bonds and referred to therein.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11736.5 (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 4 - Bond Form and Terms|Section 11736.5.

11736.5.  The department may enter into banking, insurance, remarketing, and other financial arrangements as may be necessary or desirable to provide additional security for the payment of principal and interest on the bonds or to provide the holders of the bonds the right to tender bonds to the department or to another party for purchase at the times, on the notice, and on those other terms as the department may determine. These arrangements may provide for the reimbursement by the department, with interest, of moneys advanced by the provider of additional security, the provider of a tender right, the provider of moneys to fund a tender right, or anyone performing a related function, except that the interest rate on the reimbursement obligation shall not exceed the rate specified in Section 11731 and the sources of moneys for the reimbursement shall be only the sources available for the payment of the bonds.(Added by Stats. 1986, Ch. 719, Sec. 3. Effective September 15, 1986.)
CA Water Code § 11737 (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 4 - Bond Form and Terms|Section 11737.

11737.  All bonds shall be signed by the director and countersigned by the Governor.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11738 (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 4 - Bond Form and Terms|Section 11738.

11738.  The signature of the director and the Governor may be by facsimile.(Amended by Stats. 1968, Ch. 411.)
CA Water Code § 11739 (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 4 - Bond Form and Terms|Section 11739.

11739.  All interest coupons shall bear the facsimile signature of the director.(Amended by Stats. 1957, Ch. 1932.)
CA Water Code § 11740 (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 4 - Bond Form and Terms|Section 11740.

11740.  In case any officer whose signature or countersignature appears on the bonds or coupons ceases to be such officer before the delivery of the bonds to the purchaser, his signature or countersignature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in the office until the delivery of the bonds.(Added by Stats. 1943, Ch. 370.)
CA Water Code § 11750 (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 11750.

11750.  Bonds may be issued and sold from time to time and in such amounts as may be deemed necessary in the judgment of the department to provide sufficient funds for the purposes authorized by this chapter.(Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 4. Effective June 6, 1991.)
CA Water Code § 11751 (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 11751.

11751.  Bonds may be sold below the par or face value thereof, but the sale price shall not be less than 94 percent of the par or face value of the bonds, and the sale price shall include the interest which has accrued thereon up to the date of delivery of the bonds.(Amended by Stats. 1975, Ch. 828.)