§ 36153. — 36153. (Amended by Stats. 2004, Ch. 183, Sec. 366.)

California § 36153.

• Jurisdiction: California
• Code WAT: Water Code - WAT
• Div. 13.: DIVISION 13. CALIFORNIA WATER DISTRICTS
• Part 6.: PART 6. FINANCIAL PROVISIONS
• Ch. 3.: CHAPTER 3. Provisions Relating to General Obligation Bonds Only
• Art. 1.: ARTICLE 1. Bond Issuance

Text

In addition to any and all other provisions of this division and any other applicable laws for the issuance of general obligation bonds by a district, general obligation bonds may be issued by a district if the proceeds are to be used to construct facilities in compliance with an order adopted by the State Department of Health Services pursuant to Chapter 4 (commencing with Section 116275) of Part 12 of Division 104 of the Health and Safety Code. Bonds issued pursuant to this section shall be issued by a district as otherwise provided in this division without regard to the election procedures of Chapter 3 (commencing with Section 35150) of Part 4 and shall be secured by unlimited ad valorem assessments on land in the district without regard to any limitations set forth in Chapter 3 (commencing with Section 2201) of Part 4 of Division 1 of the Revenue and Taxation Code. If 50 percent or more of the voters within the district or if the owners of 50 percent or more of the assessed valuation within the district submit written protests to the district secretary within the 30 days after the date the board adopts the resolution authorizing the issuance of the bonds, the proceedings for the issuance of bonds pursuant to this section shall be terminated and no further proceedings shall be taken pursuant to this section for a period of at least one year.

Legislative History

Amended by Stats. 2004, Ch. 183, Sec. 366. Effective January 1, 2005.