ARTICLE 4. Alternative Provisions for the Deposit of Funds [44850. - 44853.]

Cal. Water Code - WAT 4.
in effect

Cal. Water Code - WAT § 44850. Section 44850.

This article provides an alternative procedure for the deposit of all, or any part of, proceeds of bond sales, proceeds of assessments and proceeds of sale of land and of all, or any part of, other funds of a district.

Cal. Water Code - WAT § 44851. Section 44851.

The board may at any time, by resolution, elect to proceed under this article with respect to the deposit of funds of the district, and the board may at any time thereafter terminate its election to proceed under this article, and thereafter, the provisions of this article shall no longer apply. No such resolution shall be effective until a certified copy thereof shall be filed with the auditor and treasurer of each county within which a district is located.

Cal. Water Code - WAT § 44852. Section 44852.

Any money belonging to a district may be deposited by the treasurer pursuant to the general laws governing the deposit of public money.

Cal. Water Code - WAT § 44853. Section 44853.

Where the deposit of money is insured by the Federal Deposit Insurance Corporation no additional security need be required from the bank for the portion of the district’s deposits so insured.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements