reglab/statecodes huggingface dataset:
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 1 - General Financial Provisions › ARTICLE 3 - Payment of Claims › Section 44457.

44457. All claims for money or damages against the district are governed by Part 3 (commencing with Section 900) and Part 4 (commencing with Section 940) of Division 3.6 of Title 1 of the Government Code except as provided therein, or by other statutes or regulations expressly applicable thereto.
(Amended by Stats. 1963, Ch. 1715.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 1 - Execution › Section 44600.

44600. Warrants drawn by the department shall be drawn upon the treasurer of the district.
(Amended by Stats. 1992, Ch. 1020, Sec. 91. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 1 - Execution › Section 44601.

44601. Warrants drawn by the board shall be signed by its president or vice president and secretary or assistant secretary and countersigned by the treasurer.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 1 - Execution › Section 44602.

44602. Warrants drawn by the board for payment of principal or interest on bonds shall be drawn upon the county treasurer of a county having funds belonging to the district in his possession, or upon a bank having funds belonging to the district on deposit, and upon the treasurer of the district or the county treasurer of such a county or upon such a bank, as the case may be, for payment of all other claims and demands.
(Amended by Stats. 1967, Ch. 695.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44626.

44626. Whenever any warrant of the district is presented for payment when funds are not available for payment, it shall thereafter draw interest at a rate determined by resolution of the board, not to exceed 7 percent per year, until public notice is given that such funds are available.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44627.

44627. Upon the presentation of warrants for payment when funds for payment are not available, the treasurer of the district or of the county, as the case may be, shall endorse on them all of the following:
(a) “Funds not available for payment.”
(b) The date of presentation.
(c) The interest that the warrants shall thereafter bear.
(d) His signature.
A warrant so registered is a registered warrant.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44628.

44628. The treasurer shall keep a record showing all of the following:
(a) Number and amount of each registered warrant.
(b) Date of its issuance.
(c) Person in whose favor it was issued.
(d) Date of its presentation for payment.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44629.

44629. The registered warrant is a contract in writing for the payment of money, and the period prescribed for the commencement of an action based upon the warrant is four years from the date of issuance.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44630.

44630. Whenever there is sufficient money in the treasury to pay all outstanding registered warrants or whenever the board orders that all registered warrants presented for payment prior to a certain date be paid and there is sufficient money available for payment, the proper treasurer shall give notice of this.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44631.

44631. The notice shall state that the treasurer is prepared to pay all registered warrants or all registered warrants presented for payment prior to the date fixed by the board. No further description of the warrants entitled to payment need be made in the notice.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44632.

44632. The notice shall be published once a week for two successive weeks in some newspaper published in the office county.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44633.

44633. All warrants designated in the notice shall cease to draw interest at the time of the first publication of the notice.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44634.

44634. Upon the presentation of any warrant entitled to payment under the terms of the notice, the treasurer shall pay it together with interest due on it from the date of its original presentation for payment to the date of the first publication of the notice.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 2 - Warrants › ARTICLE 2 - Payment › Section 44635.

44635. The treasurer shall enter all of the following in the record of registered warrants he is required to keep:
(a) Dates of the payment of all the warrants.
(b) Names of the persons to whom payments are made.
(c) Amount paid to each person.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 1 - Proceeds of Bond Sales › Section 44750.

44750. The proceeds of sale of district bonds shall be placed in the treasuries of the respective affected counties to the amount of the unpaid assessment in each county and credited to the bond fund of the district, except that any premium received upon the sale of district bonds shall be credited to the bond reserve fund of the district if the resolution of the board directing the sale of the bonds so provides. Said proceeds may be used for the purposes for which the bonds were authorized to be issued under Part 8 (commencing with Section 45100) of this division. Upon completion of an adopted project, or any unit thereof, any balance in said fund shall be used exclusively for the payment of principal of or interest on the bonds sold, or shall be deposited in the bond reserve fund or shall be used for the purchase at not more than par and cancellation of any such bonds.
(Amended by Stats. 1972, Ch. 81.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 1 - Proceeds of Bond Sales › Section 44751.

44751. A proper record of the transaction shall be made upon the books of the district treasurer.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 2 - Proceeds of Assessments › Section 44775.

44775. The county treasurer shall deposit in the county treasury to the credit of the bond fund of the district all money collected upon any assessment upon which bonds have been issued, including all the following:
(a) Money derived from sale of land for delinquent installments.
(b) Money derived from redemption of land.
(c) Money derived from sale of land bought by the treasurer at a sale for delinquent installments as trustee of the district bond fund.
(d) Money derived from interest and penalties.
(e) The amount of purchase money paid in bonds or coupons on sales made under any assessment.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 2 - Proceeds of Assessments › Section 44776.

44776. Money collected upon any assessment upon which bonds have been issued shall be used exclusively for the payment of principal and interest of the bonds issued on the assessment.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 2 - Proceeds of Assessments › Section 44777.

44777. The county treasurer shall transmit to the treasurer of the district all canceled bonds and coupons received in payment on any delinquent sale and a memorandum of all sums endorsed as paid upon account of purchase money on any specified bonds or coupons. All money collected by any county treasurer upon account of an assessment on which bonds shall not have been issued shall be similarly accounted for to the treasurer of the district, and shall be credited to the general fund of the district.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 2 - Proceeds of Assessments › Section 44778.

44778. Any balance remaining in the bond fund after payment in full of the principal and interest of all outstanding bonds of the district shall be transferred by the county treasurer to the general fund of the district.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 3 - Proceeds of Sale of Land › Section 44800.

44800. Any parcel of land bid in and purchased by any county treasurer as trustee of the bond fund of the district may be sold and conveyed by him or his successor in office at any time after the expiration of the redemption period of three years, at public sale with notice, to the highest bidder. The trustee shall have the right to reject any and all bids.
(Amended by Stats. 1969, Ch. 1086.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 3 - Proceeds of Sale of Land › Section 44800.5.

44800.5. Any parcel of land bid in and purchased by any county treasurer as trustee of the bond fund of the district as provided in this division may, without notice, be sold and conveyed by him or his successor in office at private sale to the owner of record at the date of the certificate of sale or to the owner’s successor in interest, upon his paying to such trustee the amount for which the same was struck off to said trustee with interest thereon at the rate of 7 percent per year, compounded yearly, from the date of the delinquent sale, together with any call that has been made upon any prior or subsequent assessment.
(Added by Stats. 1969, Ch. 1086.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 3 - Proceeds of Sale of Land › Section 44801.

44801. Payment may be made either in cash or in matured bonds and coupons issued on the assessment, taken at their face value.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 3 - Proceeds of Sale of Land › Section 44802.

44802. The treasurer shall execute a deed to the purchaser upon the sale, conveying the property free of encumbrances, except as provided for deeds where no redemption is made.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 3 - Proceeds of Sale of Land › Section 44803.

44803. If any land held by a county treasurer as trustee of the bond fund of a district remains unsold after the final installment of the assessment has been collected by payment or sale, each county treasurer shall sell all the land held by him at public auction to the highest bidder for cash.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 3 - Proceeds of Sale of Land › Section 44804.

44804. Notice of the sale shall be given by publication once a week for two successive weeks in some newspaper published in the county in which the land is situated.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 3 - Proceeds of Sale of Land › Section 44805.

44805. The county treasurer shall deposit the proceeds of the sale in the treasury of the county to the credit of the bond fund of the district.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 3 - Proceeds of Sale of Land › Section 44806.

44806. Each county treasurer shall charge to the general fund of the district, or to the bond fund if he has no money to the credit of the general fund, the expense of publication of notices and of recording certificates of sale, and shall notify the treasurer of the district of the charge.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 4 - Alternative Provisions for the Deposit of Funds › Section 44850.

44850. This article provides an alternative procedure for the deposit of all, or any part of, proceeds of bond sales, proceeds of assessments and proceeds of sale of land and of all, or any part of, other funds of a district.
(Added by Stats. 1967, Ch. 695.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 4 - Alternative Provisions for the Deposit of Funds › Section 44851.

44851. The board may at any time, by resolution, elect to proceed under this article with respect to the deposit of funds of the district, and the board may at any time thereafter terminate its election to proceed under this article, and thereafter, the provisions of this article shall no longer apply. No such resolution shall be effective until a certified copy thereof shall be filed with the auditor and treasurer of each county within which a district is located.
(Added by Stats. 1967, Ch. 695.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 4 - Alternative Provisions for the Deposit of Funds › Section 44852.

44852. Any money belonging to a district may be deposited by the treasurer pursuant to the general laws governing the deposit of public money.
(Added by Stats. 1967, Ch. 695.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 3 - Funds › ARTICLE 4 - Alternative Provisions for the Deposit of Funds › Section 44853.

44853. Where the deposit of money is insured by the Federal Deposit Insurance Corporation no additional security need be required from the bank for the portion of the district’s deposits so insured.
(Added by Stats. 1967, Ch. 695.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44900.

44900. If any contract or lease for the acquisition of property provides for any future payments by the district, warrants may be issued, on order of the board, for the payments, which warrants shall be made payable at the times provided in the contract or lease.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44901.

44901. When a particular purpose or emergency assessment has been authorized, warrants in an amount equal to the amount of the assessment may be issued on order of the board to carry out the purpose for which the assessment was authorized. These warrants shall be made payable at the time or times that the board estimates that they can be paid from the proceeds of the assessment.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44902.

44902. Any outstanding registered warrants and their accrued interest may be refunded by the issuance of warrants payable at stated times fixed by the board. These warrants may be exchanged for the registered warrants or sold for not less than their par value to provide funds for the payment of the registered warrants or any of them and their accrued interest.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44903.

44903. Warrants payable at a future time or times may be issued in consideration of money loaned to the district for the purchase of any of its outstanding bonds or the refinancing or retiring of any outstanding contract. The annual interest payable on these warrants shall be less than the annual interest on the bonds purchased or contract refinanced or retired with the proceeds of the warrants.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44904.

44904. Warrants payable at a future time or times may also be issued to obtain funds or property for any lawful purpose of the district.
(Amended by Stats. 1992, Ch. 1020, Sec. 92. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44905.

44905. Any warrant authorized in the preceding sections of this article shall draw interest at a rate to be fixed by the board not to exceed 6 percent per year payable annually or semiannually as the board may prescribe.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44906.

44906. Coupons payable to bearer in a form and signed as prescribed by the board may be attached to warrants payable at a future date to evidence their interest.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44907.

44907. Warrants of any district may be issued to evidence the indebtedness allowed to be incurred prior to the levy of the first district assessment, bearing interest fixed by the board at not more than 7 percent per year. These warrants shall be made payable on a date not later than the first day of July next after the first annual assessment in the district is levied.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44908.

44908. If any district owns any property which it is authorized to lease or sell, its board may in the contract providing for the issuance of warrants payable at a future time, agree that the proceeds of the lease or sale of the property, not required by law to be used for other purposes, shall be allocated to the payment of these warrants.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44909.

44909. No warrants issued pursuant to this article made payable more than five years from the date of issuance shall be valid unless their issuance is authorized by a majority of the voters voting at an election called by the board for the purpose of determining whether or not the warrants shall be authorized.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants Payable at Future Times › Section 44910.

44910. Notice of the election shall be given and the election shall be held and the result determined as nearly as practicable in the manner provided for bond elections.
(Added by Stats. 1961, Ch. 1367.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44950.

44950. A district may issue revenue warrants pursuant to this chapter to obtain funds for any lawful purpose of the district, including the repayment of indebtedness of the district.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44951.

44951. Revenue warrants shall be secured by all or part of the revenues received by the district from tolls or charges levied pursuant to Section 43006 or from any other source other than assessments, and any such revenues may be pledged to the payment of revenue warrants. In the resolution authorizing the issuance of revenue warrants, the board may subject such revenues as it specifies to a lien or charge to secure the payment of the principal of and interest on the revenue warrants, but such warrants shall not be secured by any lien or charge upon any assessment.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44952.

44952. Revenue warrants shall bear interest at a rate or rates not exceeding 8 percent per annum, payable annually or semiannually or in part annually and in part semiannually, as the board may prescribe.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44953.

44953. Revenue warrants shall mature at such time or times as the board may prescribe, but not more than five years from the date of issuance.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44954.

44954. Revenue warrants may be made subject to redemption prior to their fixed maturity date upon such terms, conditions and notice, and at such times and prices, as the board may determine prior to the issuance of such warrants.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44955.

44955. Revenue warrants may be sold at either public or private sale upon such terms and conditions as the board may determine. Such warrants may be sold at less than their par or face value, but no revenue warrant may be sold at a price which would yield to the purchaser an average of more than 8 percent per annum, payable semiannually, according to standard tables of bond values.
(Amended by Stats. 1977, Ch. 188.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44957.

44957. The board may determine the form and denomination of revenue warrants, the manner of their execution, their registration and exchange privileges and the place or places of their payment.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44958.

44958. The board, in a resolution authorizing the issuance of revenue warrants, may provide for special funds for the deposit and application of the proceeds of the warrants and for the deposit and application of revenues pledged to secure their payment. The board may provide for the establishment of a reserve fund from the proceeds of the revenue warrants or from revenues pledged to their payment. The board may appoint a fiscal agent to hold any or all such funds in trust for the holders of revenue warrants and for the district.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44959.

44959. The board, in a resolution authorizing the issuance of revenue warrants, may covenant to operate and maintain the facilities producing the revenues pledged for the security of the revenue warrants, may covenant to fix, maintain and collect tolls, charges, rates or fees which will produce revenues sufficient to provide for the payment of the principal of and interest on the revenue warrants and to provide such additional sums for the further security of the revenue warrants as the resolution may prescribe, and may make such other covenants, with respect to insurance, investments of funds, accounting records, independent audits, events of default, limitations upon competitive facilities and any other matters relating to the revenue warrants and their security as the board may deem necessary, convenient or desirable in order better to secure the revenue warrants or to make them more marketable.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44960.

44960. The board, in a resolution authorizing the issuance of revenue warrants, may provide for paying the interest on the revenue warrants for a period of not more than one year out of the proceeds of the sale thereof.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44961.

44961. Except as otherwise provided in any resolution authorizing the issuance of revenue warrants, the holder of any revenue warrant may by mandamus or other appropriate proceeding require and compel the performance of any of the duties imposed upon the board, or upon any officer or employee of the district, in connection with the collection, deposit, investment, application or disbursement of any revenues pledged for the security of the revenue warrants, or in connection with the deposit, investment or disbursement of the proceeds received from the sale of the revenue warrants, or in connection with any covenants contained in the resolution authorizing the issuance of the revenue warrants. The enumeration of such rights and remedies does not, however, exclude the exercise or prosecution of any other rights or remedies available to the holders of revenue warrants.
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44962.

44962. Revenue warrants shall not be issued under this chapter by any district in any one fiscal year in excess of one million dollars ($1,000,000).
(Added by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 7 - FINANCIAL ORGANIZATION › CHAPTER 5 - Revenue Warrants › Section 44963.

44963. Notwithstanding the provisions of Sections 44953 and 44962, revenue warrants may be issued prior to August 1, 1978, pursuant to this chapter for a term not to exceed 10 years from the date of issuance and for an amount not in excess of four million dollars ($4,000,000) in any one fiscal year.
(Added by Stats. 1977, Ch. 188.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 1 - In General › Section 45100.

45100. Whenever in any district any assessment has been levied and assessed upon land and remains unpaid in whole or in part, and in the judgment and opinion of the board it is for the best interest of the district or the landowners therein to issue bonds for the purpose of obtaining money to pay the costs of the proposed project, the indebtedness of the district, or any other lawful charge, or when a petition signed by the holders of title to more than one-fourth in assessed value of the land requesting it is filed with the secretary, the board shall by order entered upon its records call a special election to be held in the district. At the special election the question shall be submitted to the holders of title to assessed land whether or not bonds of the district shall be issued in an amount equal to the amount of the assessment, or the part of the assessment remaining unpaid. The amount shall be entered by the board in its records and stated in the order calling the special election.
(Amended by Stats. 1992, Ch. 1020, Sec. 95. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 1 - In General › Section 45102.

45102. Notwithstanding Section 45100, whenever in any district (1) a report and recommendation as to a project, or a report as to a contract with the United States, has been adopted by the voters at an election held pursuant to Part 5 (commencing with Section 42200) of this division, (2) an assessment to finance the project or the contract has been levied and assessed and remains unpaid in whole or in part, and (3) in the judgment of the board it is for the best interest of the district or the landowners therein to issue bonds for the purpose of obtaining money to pay the costs of the project, all or any part of the outstanding principal of direct assessment warrants heretofore or hereafter issued pursuant to Section 46381 for said project, or charges pursuant to the contract, the board may, by a resolution adopted by a two-thirds vote of its members, authorize the issuance of bonds in an amount not exceeding the amount of the assessment remaining unpaid, without calling or holding any special election pursuant to Section 45100 or Chapter 2 (commencing with Section 45250) of this part.
This section shall apply to all districts, including any district in which a report and recommendation as to a project, or a report as to a contract with the United States, has been adopted at an election held at any time heretofore, and shall apply in the case of any assessment at any time heretofore or hereafter levied and assessed, if the assessment remains unpaid in whole or in part at the time of adoption of the resolution of the board authorizing the issuance of bonds.
(Amended by Stats. 1992, Ch. 1020, Sec. 96. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 1 - In General › Section 45103.

45103. 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.
(Added by Stats. 1992, Ch. 1020, Sec. 96.5. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45270.

45270. Only holders of title to land which has been assessed as provided in this division shall be qualified to vote at the election.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45271.

45271. The ballots cast at the election shall contain the words “Bonds—Yes” and the words “Bonds—No.”
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45272.

45272. A list of the ballots cast shall be made by the board of election, containing the name of each voter who has voted at the election, and if the ballot was cast by proxy also the name of the person casting it, and the number of votes cast by each voter.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45273.

45273. At the close of the polls the board of election shall at once proceed to canvass the votes and declare the result.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45274.

45274. The board of election shall deliver a certificate showing the result and the number of votes cast for and against the issuing of the bonds to the county elections official of each county, and a duplicate to the board of directors.
(Amended by Stats. 2002, Ch. 221, Sec. 170. Effective January 1, 2003.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45275.

45275. The board of election shall deliver to the county elections official of each county all ballots cast at the election within that county and all documents and papers used at the election.
(Amended by Stats. 2002, Ch. 221, Sec. 171. Effective January 1, 2003.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45276.

45276. The county elections officials of the respective counties shall immediately upon receipt of the ballots, papers, and documents from the board of election certify to the board of directors at its office a statement of the result of the election held in each of the counties with a statement of the number of votes for the proposition of “Bonds—Yes” and opposed “Bonds—No.”
(Amended by Stats. 2002, Ch. 221, Sec. 172. Effective January 1, 2003.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45277.

45277. The board of directors shall certify in its minutes that the proposal to issue bonds has carried or has been defeated. The certificate shall state the vote cast throughout the entire district. A duplicate of the certificate shall be immediately transmitted to the department.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 2 - Bond Election › ARTICLE 2 - Election › Section 45278.

45278. Except as in this part specifically provided, the provisions of this division with reference to all matters pertaining to elections shall govern bond elections.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 3 - Bond Issuance › Section 45400.

45400. If a majority of the votes cast at the election are in favor of the issuance of bonds, or if a resolution authorizing the issuance of bonds has been adopted and approved in accordance with Section 45102, the board shall cause bonds in the amount stated in the order calling the election or in such resolution, as the case may be, to be sold as herein provided and shall deliver the assessment list segregated as to affected counties to the treasurer.
(Amended by Stats. 1967, Ch. 829.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 3 - Bond Issuance › Section 45402.

45402. The board may divide the principal amount of any authorized issue of bonds into two or more series, and may fix different dates for the bonds of each series. When directed by resolution of the board, the treasurer shall sell the bonds or any series thereof for the best price obtainable, but in no event for less than 90 percent of the face value of the bonds and accrued interest.
(Amended by Stats. 1967, Ch. 829.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 3 - Bond Issuance › Section 45403.

45403. Before making a sale of bonds, notice shall be given by the treasurer by publication at least once a week for two successive weeks in the office county that he will sell a specified amount of bonds, and stating the day, hour, and place of sale, and asking sealed proposals for the purchase of any or all of the bonds.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 3 - Bond Issuance › Section 45407.

45407. Upon a sale of any district bonds, the treasurer may accept in payment, in whole or in part, outstanding warrants of the district at face value plus accrued interest.
(Added by Stats. 1951, Ch. 391.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 3 - Bond Issuance › Section 45408.

45408. The bonds of any series of an authorized issue shall be equally and ratably secured with the bonds of any other series of such authorized issue.
(Added by Stats. 1967, Ch. 829.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 4 - Bond Terms › Section 45552.

45552. The bonds shall be numbered consecutively in order of their maturity. If the bonds are issued in two or more series, each series shall be lettered in alphabetical order, and the bonds of each series shall be numbered consecutively in order of their maturity within such series.
(Amended by Stats. 1967, Ch. 829.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 4 - Bond Terms › Section 45553.

45553. The bonds or any series thereof shall bear interest at a rate not to exceed 8 percent per year payable annually or semiannually as may be prescribed by the board at the time of the issuance of the bonds at the office of the treasurer and at any other place within the United States which may be designated by the board, upon the presentation of the proper coupons.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 4 - Bond Terms › Section 45555.

45555. The principal of the bonds or any series thereof shall be made payable on such dates, in such years and at such places as the board may prescribe.
(Amended by Stats. 1969, Ch. 1086.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 4 - Bond Terms › Section 45556.

45556. The bonds or any series thereof shall be payable within 40 years from their date, and not less than 10 percent of the aggregate face value of the bonds or any series thereof issued shall be payable within 15 years from their date.
(Amended by Stats. 1967, Ch. 829.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 4 - Bond Terms › Section 45560.

45560. The board may determine to establish a bond reserve fund for the payment of the principal of or interest on the bonds. Such a bond reserve fund may be established from the premium, if any, received upon the sale of the bonds or from tolls or charges levied pursuant to Section 43006, or from both such sources. Except as otherwise provided by the board in the resolution determining to establish a bond reserve fund, any moneys deposited in such a fund shall be used solely for the payment of the principal of and interest on the bonds in the event that other available moneys of the district are insufficient therefor. When all of the principal of and interest on the bonds have been paid, the balance of the money remaining in the bond reserve fund may be applied to any lawful purpose of the district.
(Added by Stats. 1966, 1st Ex. Sess., Ch. 56.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 5 - Additional Bonds › Section 45700.

45700. If any district having authorized the issuance of any bonds shall issue additional bonds based on another assessment, the dates of maturity of the additional bonds or any series thereof shall be such that the latest maturity thereof shall not exceed 50 years from their date.
(Amended by Stats. 1967, Ch. 829.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 6 - Callable Bonds › Section 45800.

45800. A district may by resolution of its board adopted at or prior to the time of issuing any bonds then proposed to be issued, provide for the call and redemption prior to their fixed maturity of any of the bonds.
(Added by Stats. 1959, Ch. 1137.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 6 - Callable Bonds › Section 45801.

45801. Bonds may be made subject to redemption prior to their fixed maturity at such times and prices, and upon such terms and conditions as the board may determine and set forth in the resolution.
(Amended by Stats. 1967, Ch. 36.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 6 - Callable Bonds › Section 45802.

45802. Notice designating the bonds called for redemption shall be published once a week for three successive weeks in a newspaper of general circulation printed and published in the office county.
(Added by Stats. 1959, Ch. 1137.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 6 - Callable Bonds › Section 45803.

45803. The first publication of the redemption notice shall be not less than 30 days nor more than 90 days prior to the date fixed for redemption.
(Added by Stats. 1959, Ch. 1137.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 6 - Callable Bonds › Section 45804.

45804. If on the date fixed for redemption the district has provided funds available for the payment of the principal and interest of the bonds called, interest on them ceases.
(Added by Stats. 1959, Ch. 1137.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 7 - Direct Assessment Warrants › ARTICLE 1 - Project and Government Contract Warrants › Section 45900.

45900. For the purpose of financing a district project or government contract which has been approved by the voters of the district, the board of directors may, by a two-thirds vote of its members, issue written obligations which may be denominated notes, certificates of indebtedness or warrants. The term “direct assessment warrants,” as used in this chapter, means such obligations, howsoever denominated.
(Amended by Stats. 1992, Ch. 1020, Sec. 97. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 7 - Direct Assessment Warrants › ARTICLE 1 - Project and Government Contract Warrants › Section 45901.

45901. Direct assessment warrants shall be signed by the president and secretary in face amount not exceeding in the aggregate the cost of the project or government contract, exclusive of interest and amounts paid prior to the issuance of these warrants on the assessment levied to pay for said district project or government contract.
(Added by Stats. 1961, Ch. 976.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 7 - Direct Assessment Warrants › ARTICLE 1 - Project and Government Contract Warrants › Section 45902.

45902. Direct assessment warrants shall be made payable in amounts and at the times corresponding substantially to the amounts and times of payment of the installments of the direct assessment.
(Added by Stats. 1961, Ch. 976.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 7 - Direct Assessment Warrants › ARTICLE 1 - Project and Government Contract Warrants › Section 45903.

45903. Direct assessment warrants shall bear interest at a rate to be fixed by the board at the time of sale thereof, not to exceed 7 percent per year, which interest may be made payable semiannually.
(Amended by Stats. 1969, Ch. 1086.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 7 - Direct Assessment Warrants › ARTICLE 1 - Project and Government Contract Warrants › Section 45904.

45904. Coupons for the interest on these warrants may be attached to them.
(Added by Stats. 1961, Ch. 976.)
2023 California Code › Water Code - WAT › DIVISION 14 - CALIFORNIA WATER STORAGE DISTRICT LAW › PART 8 - BONDS › CHAPTER 7 - Direct Assessment Warrants › ARTICLE 1 - Project and Government Contract Warrants › Section 45905.

45905. Direct assessment warrants may be made payable to any of the following:
(a) Bearer.
(b) Persons furnishing work, labor or material.
(c) The contractor if the work on the project is to be done under contract.
(Added by Stats. 1961, Ch. 976.)