§ 71616. — 71616. (Amended by Stats. 1969, Ch. 708.)

California § 71616.

• Jurisdiction: 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

Text

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.

Legislative History

Amended by Stats. 1969, Ch. 708.