California Statutes
§ 71911. — 71911. (Amended by Stats. 1969, Ch. 708.)
California·Code WAT Water Code - WAT·Div. 20. DIVISION 20. MUNICIPAL WATER DISTRICTS·Part 7. PART 7. BONDS·Ch. 3. CHAPTER 3. Formation of Improvement Districts for Issuance of Bonds·Art. 5. ARTICLE 5. Advance of Funds
The board may repay the district for any advance of funds from the proceeds of the sale of bonds authorized for the purposes of the improvement district or as provided in Section 71616. To the extent that advances made for improvements for which such bonds were authorized are repaid from funds other than the proceeds of the sale of bonds of the improvement district, the authority of the board to issue bonds of the improvement district in a like amount or amounts shall terminate. The treasurer shall maintain proper records and accounts in which there shall be set forth all repayments of advances to the extent that advances are made for the improvements for which such bonds were authorized and, to the extent that such repayments reduce the amount of bonds which may be issued on behalf of any
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California § 71911. (71911. (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.