California Statutes
§ 71616. — 71616. (Amended by Stats. 1969, Ch. 708.)
California·Code WAT Water Code - WAT·Div. 20. DIVISION 20. MUNICIPAL WATER DISTRICTS·Part 5. PART 5. POWERS AND PURPOSES·Ch. 2. CHAPTER 2. Water·Art. 1. ARTICLE 1. Development and Sale
A district, so far as practicable, shall fix such rates for water in the district, and in each improvement district therein, as will result in revenues which will:
(a)Pay the operating expenses of the district and the improvement district.
(b)Provide for repairs and depreciation of works.
(c)Provide a reasonable surplus for improvements, extensions, and enlargements.
(d)Pay the interest on any bonded debt.
(e)Provide a sinking or other fund for the payment of the principal of such bonded debt as it becomes due.
(f)Repay advances, together with interest at a rate not to exceed the interest value of money to the district, made from the district to an improvement district.
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California § 71616. (71616. (Amended by Stats. 1969, Ch. 708.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1969, Ch. 708.