Section 11803 Of Article 1. General Financial Provisions From California Water Code >> Division 6. >> Part 3. >> Chapter 9. >> Article 1.

. 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.