Section 44902 Of Chapter 4. Warrants Payable At Future Times From California Water Code >> Division 14. >> Part 7. >> Chapter 4.

. Any outstanding registered warrants and their accrued interest may be refunded by the issuance of warrants payable at stated times fixed by the board. These warrants may be exchanged for the registered warrants or sold for not less than their par value to provide funds for the payment of the registered warrants or any of them and their accrued interest.