§ 71982. — 71982. (Added by Stats. 1975, Ch. 229.)

California § 71982.

• Jurisdiction: California
• Code WAT: Water Code - WAT
• Div. 20.: DIVISION 20. MUNICIPAL WATER DISTRICTS
• Part 7.: PART 7. BONDS
• Ch. 7.: CHAPTER 7. Formation of Improvement Districts for Issuance of Revenue Bonds
• Art. 1.: ARTICLE 1. Initiation of Proceedings

Text

The resolution of intention shall also state:
(a)
The purpose for which the proposed debt is to be incurred and a general description of the enterprise.
(b)
The estimated amount of debt to be incurred, which may include expenses of all proceedings for the authorization, issuance, and sale of the bonds.
(c)
That the bonds are to be revenue bonds, and shall be payable exclusively from the revenues of the enterprise within such revenue improvement district and that the bonds are not to be secured by the taxing power of the district.

Legislative History

Added by Stats. 1975, Ch. 229.