California Statutes
§ 36420. — 36420. (Amended by Stats. 1980, Ch. 6, Sec. 16.)
California·Code WAT Water Code - WAT·Div. 13. DIVISION 13. CALIFORNIA WATER DISTRICTS·Part 6. PART 6. FINANCIAL PROVISIONS·Ch. 4.9. CHAPTER 4.9. Alternative Provisions for the Formation of Improvement Districts and the Issuance of Bonds Therefor
(a)After adopting the resolution ordering the improvement district formed, the board may provide for and call a special bond election within such improvement district to submit to the voters of the improvement district a proposition of whether or not an indebtedness of the district shall be incurred and bonds issued therefor in an amount not exceeding the estimate stated in the resolution ordering the improvement district formed.
(b)If such bonds are to be general obligation bonds, such indebtedness and the bonds shall be payable from assessments to be levied and collected upon lands within said improvement district.
(c)If such bonds are to be revenue bonds only revenues derived from the operation of the improvement district works shall be pledged to the payment or redemption thereof an
Free access — add to your briefcase to read the full text and ask questions with AI
California § 36420. (36420. (Amended by Stats. 1980, Ch. 6, Sec. 16.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1980, Ch. 6, Sec. 16. Effective February 4, 1980.