Section 46674 Of Article 1. In General From California Water Code >> Division 14. >> Part 9. >> Chapter 5. >> Article 1.

. Except as otherwise provided in Section 46675, in the event the cost of any unit is less than the funds collected therefor, the excess shall be held and used for the benefit of such unit only and shall be applied to the bond fund of such unit, and if there is no bond fund, the excess shall be applied to the operation of such unit.