Section 43502.

Cal. Water Code - WAT § 43502.
in effect
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No bonds shall be given in payment for property or rights at a valuation less than 90 percent of their face value and accrued interest.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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