§ 45103. — 45103. (Added by Stats. 1992, Ch. 1020, Sec. 96.5.)

California § 45103.

• Jurisdiction: California
• Code WAT: Water Code - WAT
• Div. 14.: DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW
• Part 8.: PART 8. BONDS
• Ch. 1.: CHAPTER 1. In General

Text

If the district’s voters have approved a project pursuant to Part 5 (commencing with Section 42200) and the project authorizes the issuance of revenue bonds for the purpose of carrying out the project, the board may, by a two-thirds vote of the board, adopt a resolution authorizing the issuance and sale of bonds pursuant to the Revenue Bond Law of 1941, Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5 of the Government Code. The district may sell the bonds at public or private sale. The resolution adopted pursuant to this section shall constitute the resolution required pursuant to Section 54387 of the Government Code. The district’s voters approval of the project shall constitute “the votes of a majority of all the voters voting” as that term is used in Section 54386 of the Government Code and no further vote of the voters shall be required.

Legislative History

Added by Stats. 1992, Ch. 1020, Sec. 96.5. Effective January 1, 1993.