§ 36424. — 36424. (Amended by Stats. 1980, Ch. 6, Sec. 20.)

California § 36424.

• Jurisdiction: 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

Text

Except to the extent that provision has otherwise been made by the board, as may be permitted by law, for the payment of the principal of and interest upon general obligation bonds and warrants of said district for such improvement district as they become due and also for the payment of operating expenses of said improvement district, the annual estimate made by the board of the sum required by the district to discharge all of its obligations shall, in addition to the other amounts required to be included therein, include an amount sufficient to pay the principal of general obligation bonds and warrants of the district for said improvement district and the interest thereon as the same becomes due and also to pay operating expenses for said improvement district.

Legislative History

Amended by Stats. 1980, Ch. 6, Sec. 20. Effective February 4, 1980.