reglab/statecodes huggingface dataset:
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 5 - POWERS AND PURPOSES › CHAPTER 6 - Cooperation With the United States › Section 35879.

35879. If any provision of the Irrigation District Federal Cooperation Law is held unconstitutional, that decision shall not affect the validity of the adoption by reference in this article of the remaining portions of that law.
(Added by Stats. 1953, Ch. 991.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 5 - POWERS AND PURPOSES › CHAPTER 6 - Cooperation With the United States › Section 35880.

35880. In any contract made between a district and the United States pursuant to this chapter, the land which may be charged with any taxes or assessments under the contract shall be designated and described.
(Added by Stats. 1953, Ch. 991.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 5 - POWERS AND PURPOSES › CHAPTER 6 - Cooperation With the United States › Section 35881.

35881. A proposal to enter into a contract with the United States for any purpose other than obtaining a water supply shall be authorized at an election.
(Added by Stats. 1957, Ch. 1935.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 5 - POWERS AND PURPOSES › CHAPTER 6 - Cooperation With the United States › Section 35882.

35882. Proceedings at the election shall be had insofar as applicable in the manner provided in the case of issuance of general obligation bonds.
(Added by Stats. 1957, Ch. 1935.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 5 - POWERS AND PURPOSES › CHAPTER 6 - Cooperation With the United States › Section 35883.

35883. Notice of the election shall specify:
a. The time and place of the election.
b. The purpose of the election.
c. A brief statement of the general purpose of the contract.
d. The amount of money to be paid to the United States under the contract.
(Added by Stats. 1957, Ch. 1935.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 5 - POWERS AND PURPOSES › CHAPTER 6 - Cooperation With the United States › Section 35884.

35884. The ballots at the election shall contain a brief statement of the general purpose of the contract substantially as stated in the notice of election and the amount of money to be paid to the United States under the contract with the words “Contract—Yes” and “Contract—No.”
(Added by Stats. 1957, Ch. 1935.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 5 - POWERS AND PURPOSES › CHAPTER 6 - Cooperation With the United States › Section 35886.

35886. The board may execute the contract on behalf of the district if two-thirds of the votes cast at the election favor the contract.
(Amended by Stats. 1991, Ch. 1226, Sec. 65.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35901.

35901. All money belonging to the district, or to which the district is entitled, shall, when received, be paid by the person receiving it to the treasurer.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35902.

35902. The treasurer shall establish for the district a general obligation bond fund and a general fund and shall apportion the district money to the funds as follows:
(a) To the general obligation bond fund, that portion of the money received from the collection of assessments or from the sale of property for delinquent assessments which bears the same proportion to the total amount received from the collection of assessments or from the sale of property for delinquent assessments as that portion of the estimate of the board on which the assessment was based which is required for the payment of general obligation bonds and the interest thereon bears to the whole amount of the estimate.
(b) To the general fund, the balance of all money received.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35903.

35903. The money placed in the general obligation bond fund shall be used for the payment of bonds and of the interest thereon and until the total bonded indebtedness of the district is discharged shall not be used for any other purpose.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35903.5.

35903.5. (a) Notwithstanding the provisions of Section 35903, any amount in the general obligation bond fund in excess of the amount needed to pay principal and interest on bonds during the then current fiscal year and the succeeding fiscal year may be transferred by the treasurer to the general fund.
(b) This section shall apply only to the Fern Valley Water District.
(Added by Stats. 1979, Ch. 269.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35905.

35905. 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. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35906.

35906. Except for the payment of bonds and the interest thereon district money shall not be paid out by the treasurer unless a warrant therefor has been drawn and executed by the board.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35907.

35907. Warrants are contracts in writing for the payment of money and an action based on warrants payable on demand shall be commenced within four years from the date of their issuance.
(Amended by Stats. 1959, Ch. 2041.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35908.

35908. In any proceeding for a writ of mandate to compel the board to issue a warrant, the court shall proceed as in other civil actions and shall cause a writ to issue for any sum found to be due.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35909.

35909. The board of directors may provide for a bond reserve fund for the purpose of payment of the principal of or interest on bonds of the district as the same shall become due. Except as otherwise provided in the resolution providing for the issuance of said bonds and so long as any of said bonds are outstanding, any moneys set aside in said bond reserve fund shall be used solely to pay the principal of or interest on said bonds as the same shall become due, in the event and to the extent that other available moneys of the district are insufficient therefor. When all of the principal of or interest on said bonds has been paid, the balance of the money remaining in the bond reserve fund shall be transferred to the general fund.
(Added by Stats. 1959, Ch. 891.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35910.

35910. All or any portion of a bond reserve fund may be established out of the proceeds of the sale of said bonds. In such case the estimate referred to in Section 35950 shall include or make provision for such bond reserve fund and the ballot cast at the bond election shall contain a statement to the effect that all or part of said bond reserve fund is to be established from the proceeds of said bonds. Upon the delivery of and payment for said bonds, the portion of the proceeds provided for said bond reserve fund shall be set aside therein.
(Added by Stats. 1959, Ch. 891.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35911.

35911. The resolution providing for the issuance of bonds may provide for a bond reserve fund to be established, in whole or in part, from water charges or annual assessments, or both. In such event said water charges or annual assessments, in addition to the other amounts required or authorized to be included therein, shall include such amount or amounts as shall be provided by said resolution for said bond reserve fund, and upon collection thereof said amount or amounts shall be set aside in said bond reserve fund.
(Added by Stats. 1959, Ch. 891.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 1 - Funds and Warrants › Section 35912.

35912. Notwithstanding any other provision of law, the Irvine Ranch Water District may invest or reinvest its capital facilities replacement funds in real estate and interests therein and improvements thereon, located within the County of Orange, as an investment for the production of income. The total aggregate amount of those investments shall not exceed 30 percent of the district’s total capital facilities replacement funds.
(Added by Stats. 1989, Ch. 395, Sec. 1.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35950.

35950. The board shall, as soon after the formation of the district as is practicable, prepare and adopt a plan of works and estimate the amount of money it is necessary to raise for the purposes for which bonds may be issued. Such plan shall be adopted in the manner hereinafter provided.
(Amended by Stats. 1980, Ch. 6, Sec. 4. Effective February 4, 1980.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35950.1.

35950.1. After the board has adopted a plan of works it may thereafter by resolution change or supplement the plan if it determines that the works described in the plan as changed or supplemented will benefit all the territory within the district or improvement district, including any territory annexed thereto since the adoption of the original plan of works, and may revise its estimate of the amount of money it is necessary to raise for that purpose. Any such changes or supplements shall be accomplished in the manner hereinafter provided.
(Amended by Stats. 1992, Ch. 1020, Sec. 32. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35950.2.

35950.2. If the board determines to adopt a plan of works, or that it is necessary to change or supplement a plan of works previously adopted for a district or an improvement district, it shall adopt a resolution stating the following:
(a) The intention of the board to adopt a plan of works, or to change or supplement a previously adopted plan of works.
(b) A description of the purpose of the plan, or of the original purpose of the plan and a general description of the proposed change or supplement.
(c) The estimated expense of carrying out the plan of works, or any change in the estimated expense of carrying out the plan of works by reason of the change or supplement.
(d) If general obligation bonds are to be issued and sold for the purpose of providing funds to carry out the plan of works or the change or supplement of a plan of works previously adopted, that assessments for carrying out said purpose shall be levied exclusively on the lands of the district or improvement district including any territory annexed thereto.
(e) If revenue bonds are to be issued and sold for the purpose of providing funds to carry out the plan of works or change or supplement of a plan of works previously adopted, that only the revenues derived from the operation of such works shall be pledged to the payment of principal and interest on such bonds and that no tax or assessment shall ever be levied or collected to pay principal or interest on such bonds.
(f) That a map of the exterior boundaries of the district or an improvement district is on file with the secretary of the district and is available for inspection by any person or persons interested.
(g) The time and place of the hearing by the board in regard to the proposed plan, or to the proposed change or supplement, and the benefit or lack thereof to the lands within the district or an improvement district.
(Amended by Stats. 1980, Ch. 6, Sec. 5. Effective February 4, 1980.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35950.3.

35950.3. Notice of said hearing shall be given by publishing a copy of the resolution provided for in Section 35950.2 in a newspaper of general circulation published in each affected county, pursuant to Section 6066 of the Government Code; the first publication to be at least fourteen (14) days prior to the time fixed for the hearing. Said notice shall also be given by posting a copy of said resolution in three public places within the district or the improvement district for at least fourteen (14) days prior to the time fixed for said hearing. No notice other than that required by this section need be given.
(Added by Stats. 1968, Ch. 104.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35950.4.

35950.4. At the time and place so fixed or at any time or place to which the hearing is continued, the board shall hold the hearing provided for by the resolution at which hearing any person interested, including all persons owning land in the district or improvement district to which the hearing pertains, may appear and be heard concerning any matters set forth in the resolution or any matters material thereto. At the conclusion of the hearing on the proposed plan, or the proposed changes or supplements, the board may, by resolution, adopt the proposed plan of works, or amend the plan of works previously adopted in accordance with the proposed changes or supplements. The board shall set forth the estimated cost of carrying out any plan of works and the purpose to be accomplished. If there is any change in the estimate of cost of carrying out the plan of works and the purpose is to be accomplished, the amended total of the estimated expense shall be set forth specifically.
(Amended by Stats. 1992, Ch. 1020, Sec. 33. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35950.5.

35950.5. If the issuance of bonds has been authorized previously by the district or by the district for an improvement district and the change or supplement to the plan of works has increased the original estimate of cost, the board may provide for and call a special bond election within the district or the improvement district to submit to the voters of the district or the improvement district a proposition of whether or not additional indebtedness shall be incurred and bonds issued therefor in an amount which, when added to the amount of unissued bonds previously authorized to accomplish the original plan of works, will not exceed the revised estimate of cost set forth in the resolution approving the change or supplement to the plan of works. Said proposition need only refer to the amended plan, state the amount of additional bonds to be authorized, and indicate that previously authorized bonds will be issued to carry out the amended plan. Said proposition need not state the amount of unissued bonds previously authorized. In any such instance, the special bond election provided for herein shall be called, noticed, held, conducted and the results thereof canvassed in substantially the same manner as provided for in this division for bond elections.
(Amended by Stats. 1980, Ch. 6, Sec. 6. Effective February 4, 1980.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35950.7.

35950.7. Any bonds authorized to accomplish the amended plan of the district or improvement district shall be issued and sold in the same manner and upon the same terms and conditions as general obligation bonds of the district.
(Amended by Stats. 1980, Ch. 6, Sec. 8. Effective February 4, 1980.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35951.

35951. Bonds may be issued for the purposes of acquiring or constructing works for irrigation, domestic, municipal, and industrial water supply, acquiring the necessary property for these works, acquiring funds to fulfill contractual commitments to carry out the powers and purposes of the district contained in contracts with other agencies, including contractual commitments entered into pursuant to Section 35850.5, acquiring all or part of the operating funds for the district (the total amount of such funds so acquired not to exceed at any time an amount equal to the total operating costs of the district for a two-year period as estimated by its board), acquiring any property necessary for the purposes of the district, redeeming any outstanding warrants of the district issued for the acquisition or construction of works of the district and otherwise carrying out the provisions of this division.
(Amended by Stats. 1974, Ch. 860.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35953.

35953. When the treasurer receives the bonds from the board, he shall place them to the credit of the district and keep a record of the bonds, the payment thereof, and the interest thereon, in a book provided for that purpose.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 1 - Bond Issuance › Section 35954.

35954. A district may, when necessary or proper, issue additional bonds in the same manner as provided for the original issue for any one or more of the following purposes:
(a) To complete works.
(b) To acquire property or property rights necessary or proper to complete the works.
(c) To supply the land with sufficient water for irrigation, domestic, industrial, and municipal purposes.
(d) To make additions to the works.
(e) To refund any issue of bonds previously made.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 2 - Lien of Bonds › Section 35975.

35975. Unless otherwise provided in the proceedings for the issuance of the bonds, they and the interest on them shall be paid from an annual assessment upon land or charges which in the discretion of the board are fixed and collected in lieu thereof and all land shall be and remain liable to the assessed for these payments.
(Amended by Stats. 1957, Ch. 53.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 3 - Sale and Exchange of Bonds › Section 35995.

35995. The board shall provide ways and means for the sale of bonds.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 3 - Sale and Exchange of Bonds › Section 35996.

35996. (a) The bonds, or any part thereof, may be issued and sold as the board determines.
(b) Before selling the bonds, or any part thereof, the board may give notice inviting sealed bids in such manner as the board may prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If no bids are received, or if the board determines that the bids received are not satisfactory as to price or responsibility of the bidders, the board may reject all bids received, if any, and either readvertise or sell the bonds at private sale.
(c) In the alternative, the board may, if it determines that to do so would produce a lower interest cost on the bonds, sell bonds at a private sale without first advertising for bids.
(Amended by Stats. 1991, Ch. 1226, Sec. 66.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 3 - Sale and Exchange of Bonds › Section 35997.

35997. Except as otherwise provided in Section 36170, a district shall not sell or exchange any of its bonds for less than par value plus the accrued interest thereon.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 3 - Sale and Exchange of Bonds › Section 35998.

35998. When any bonds are sold by the district, the treasurer shall deliver the bonds purchased to the purchaser upon receiving the purchase price of said bonds plus the accrued interest on said bonds and the premium, if any, bid by the purchaser.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 3 - Sale and Exchange of Bonds › Section 35998.1.

35998.1. The accrued interest and premium, if any, shall be placed in the general obligation bond fund. The purchase price of said bonds shall be placed in the proper improvement fund and applied exclusively to the purposes for which said bonds were voted. When said purposes have been accomplished any moneys remaining in said improvement fund shall be transferred to the general obligation bond fund and when all principal of and interest on said bonds has been paid, the balance of money then remaining in the general obligation bond fund shall be transferred to the general fund.
(Added by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 5 - Validating Proceedings › Section 36050.

36050. An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure.
(Repealed and added by Stats. 1961, Ch. 1486.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 6 - Refunding Bonds › Section 36060.

36060. This article applies only to the Irvine Ranch, Moulton-Niguel, Rancho California, and Santa Margarita Water Districts. “District” as used in this article means the Irvine Ranch Water District, the Moulton-Niguel Water District, the Rancho California Water District, or the Santa Margarita Water District.
(Amended by Stats. 1986, Ch. 398, Sec. 1. Effective July 17, 1986.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 6 - Refunding Bonds › Section 36061.

36061. A district may, when necessary or proper, issue additional bonds in the same manner as provided for the original issue for any one or more of the following purposes:
(a) To accomplish one or more of the purposes specified in Section 35954.
(b) To refund any issue of bonds previously made. Refunding bonds may be issued pursuant to Article 9 (commencing with Section 53550) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code, without submitting the question of issuance of the refunding bonds to a vote of the qualified electors.
(Added by Stats. 1983, Ch. 676, Sec. 1. Effective September 11, 1983.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 6 - Refunding Bonds › Section 36062.

36062. A district may bring an action pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure or pursuant to Chapter 2 (commencing with Section 1084) of Title 1 of Part 3 of the Code of Civil Procedure to validate the issuance of any or all of the remaining bonds which were authorized by the voters at any given election, if the district’s board of directors has adopted a resolution authorizing the issuance of the remaining bonds of the authorization, inclusive of any refunding bonds that might be issued therefor under Section 36063, in such series and at such times as the board may, in its discretion, determine, and at the interest rates as may be authorized by law at the time of issuance, including, but not limited to, Article 8 (commencing with Section 53540) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code. The terms of a judgment obtained in a proceeding hereunder may include a ruling that the validation shall automatically incorporate any change made in the interest rate set forth in Article 8 (commencing with Section 53540) of Part 1 of Division 2 of Title 5 of the Government Code by a later-enacted statute. Any action commenced under this section may be filed either in a superior court or in a district court of appeals.
(Added by Stats. 1983, Ch. 676, Sec. 1. Effective September 11, 1983.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 2 - Provisions Relating to All Bonds › ARTICLE 6 - Refunding Bonds › Section 36064.

36064. Bonds may be refunded by defeasance or call for redemption, subject to all of the following requirements:
(a) Notwithstanding Sections 53557 and 53585 of the Government Code, the proceeds of the sale of refunding bonds deposited in escrow or trust may be invested or reinvested in any combination of federal securities and securities permitted by subdivisions (c) and (d) of Section 53635 of the Government Code, except that investment and reinvestment of the proceeds shall not be permitted in securities issued by the district or on behalf of any of its improvement districts. The ratings of any securities permitted by subdivision (d) of Section 53635 of the Government Code in which the escrow or trust is invested or reinvested, or debt service insurance or other credit enhancement with respect to those securities, or any combination thereof, shall produce a rating on those securities when acquired equivalent to the highest long-term debt rating category of either Moody’s Investors Service, Inc., or Standard and Poor’s Corporation. Notwithstanding Section 53584 of the Government Code, the securities may be acquired from the issuer thereof or any other source approved by the board.
(b) The escrow or trust shall be established in an amount sufficient to pay when due the principal of, redemption premium, if any, and interest on, the bonds being refunded. Securities in the escrow or trust may be exchanged or sold and the proceeds used to purchase other securities only when the escrow agent or trustee holding the fund deems the exchange or sale necessary to maintain the ability to pay when due the principal of, redemption premium, if any, and interest on, the bonds being refunded. If the escrow or trust becomes insufficient to pay the principal, redemption premium, if any, and interest when due, the board may, to the extent of the insufficiency, augment the escrow or trust from assessments or charges, or both, fixed and collected for that purpose, notwithstanding Section 53561 of the Government Code and Section 36063 of this code.
(c) Notwithstanding Section 53583 of the Government Code, the bonds being refunded need not be called and paid at the first or any subsequent date on which the bonds may legally be called, if the board determines that to do so would be consistent with prudent management of the district’s fiscal affairs.
(Added by Stats. 1985, Ch. 340, Sec. 1. Effective July 29, 1985.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 1 - Bond Issuance › Section 36150.

36150. If a general obligation bond issue is contemplated, there shall be included in the estimate required by Section 35950 every expense of the district that it is probable will be incurred and become payable before the expiration of one year from the completion of the irrigation works, including the interest on any bonds of the district due and payable prior to that date, for which the money of the district then in the treasury or thereafter to be received from an assessment previously levied is inadequate.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 1 - Bond Issuance › Section 36153.

36153. In addition to any and all other provisions of this division and any other applicable laws for the issuance of general obligation bonds by a district, general obligation bonds may be issued by a district if the proceeds are to be used to construct facilities in compliance with an order adopted by the State Department of Health Services pursuant to Chapter 4 (commencing with Section 116275) of Part 12 of Division 104 of the Health and Safety Code. Bonds issued pursuant to this section shall be issued by a district as otherwise provided in this division without regard to the election procedures of Chapter 3 (commencing with Section 35150) of Part 4 and shall be secured by unlimited ad valorem assessments on land in the district without regard to any limitations set forth in Chapter 3 (commencing with Section 2201) of Part 4 of Division 1 of the Revenue and Taxation Code. If 50 percent or more of the voters within the district or if the owners of 50 percent or more of the assessed valuation within the district submit written protests to the district secretary within the 30 days after the date the board adopts the resolution authorizing the issuance of the bonds, the proceedings for the issuance of bonds pursuant to this section shall be terminated and no further proceedings shall be taken pursuant to this section for a period of at least one year.
(Amended by Stats. 2004, Ch. 183, Sec. 366. Effective January 1, 2005.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 2 - Sale and Exchange of Bonds › Section 36170.

36170. The board may order general obligation bonds sold at not less than 90 percent of par value when the board deems it for the best interest of the district to do so.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 2 - Sale and Exchange of Bonds › Section 36171.

36171. General obligation bonds may be exchanged dollar for dollar for bonds of the State.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 2 - Sale and Exchange of Bonds › Section 36172.

36172. Bonds of the State that may be received for general obligation bonds shall be placed to the credit of the district to be sold as the board may direct, for not less than par value.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36190.

36190. General obligation bonds shall be in such form as may be prescribed by the board.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36191.

36191. General obligation bonds shall be payable in lawful money of the United States.
(Repealed and added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36192.

36192. Each issue or series of an issue of general obligation bonds shall be numbered consecutively, and the bonds of each issue or series of an issue shall be numbered consecutively from lower to higher as they mature and bear such date as may be prescribed by the board.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36193.

36193. General obligation bonds shall be signed by the president and attested by the secretary.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36194.

36194. General obligation bonds shall be of such denomination or denominations as the board may prescribe.
(Amended by Stats. 1963, Ch. 736.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36195.

36195. General obligation bonds shall be payable at such time or times and place or places as may be designated by the board, but in no case shall the maturity of any bond be more than 40 years from its date.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36196.

36196. Each general obligation bond shall be made payable at a given time for its full face value and not for a percentage thereof.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36197.

36197. A general obligation bond shall be payable when due upon presentation and surrender thereof to the treasurer by the holder.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36198.

36198. General obligation bonds shall bear interest at a rate not in excess of 8 percent per annum payable annually or semiannually as may be prescribed by the board.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36199.

36199. The interest on general obligation bonds shall be payable at such place or places as may be prescribed by the board upon the presentation and surrender of the proper coupons.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36200.

36200. The interest coupons shall be in such form as may be prescribed by the board.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36201.

36201. Coupons for each installment of interest shall be attached to the bonds, numbered the same as the bonds, and signed by the secretary.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36202.

36202. All the signatures on the bond or coupons may be printed, lithographed or otherwise mechanically reproduced, except that one of the signatures on the bond shall be manually affixed.
(Added by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 4 - Destruction and Redemption of Bonds › Section 36210.

36210. Whenever a district has any of its unsold general obligation bonds which it is not necessary to sell for the purpose of raising funds, the board may, at a general election, or at a special election called for the purpose, submit the proposition of whether or not the bonds should be destroyed.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 4 - Destruction and Redemption of Bonds › Section 36211.

36211. The notice of the election at which general obligation bonds are proposed to be destroyed shall specify, in addition to the requirements provided in Section 35002:
(a) The amount of the bonded indebtedness authorized.
(b) The amount of the bonds remaining unsold.
(c) The amount of bonds proposed to be destroyed.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 4 - Destruction and Redemption of Bonds › Section 36212.

36212. If at the time the vote cast at the election is canvassed a two-thirds majority of the votes cast upon the proposition favors the destruction of the unsold general obligation bonds, the president, in the presence of a majority of the members of the board, shall destroy the bonds.
(Amended by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 4 - Destruction and Redemption of Bonds › Section 36213.

36213. The amount of the general obligation bonds destroyed shall be deducted from the total amount authorized to be issued and no part of the bonds destroyed shall thereafter be reprinted or reissued.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 4 - Destruction and Redemption of Bonds › Section 36213.1.

36213.1. If the unsold general obligation bonds shall not have been printed, the election provided for in this article shall be called and held to determine whether the authority to issue and sell said unprinted bonds shall be revoked. If two-thirds of the votes cast upon the proposition favor such revocation, the authority to issue and sell said unprinted bonds shall be revoked, the amount thereof deducted from the total amount authorized to be issued, and no part of said bonds shall thereafter be printed or issued.
(Added by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 4 - Destruction and Redemption of Bonds › Section 36214.

36214. Whenever the funds of the district are in excess of the amount necessary to complete the construction of the irrigation works or to acquire the property and rights in property necessary therefor, to supply all the land with sufficient water for irrigation purposes, and to pay every obligation of the district that is due and payable or that will, or probably will, become due and payable before the expiration of two years from the date on which the last preceding tax of the district was levied, the board may direct the treasurer to pay with the excess, specifying the amount, the portion of the sold general obligation bonds of the district as the excess sum of money will redeem at the lowest value at which they may be obtained for liquidation.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3 - Provisions Relating to General Obligation Bonds Only › ARTICLE 4 - Destruction and Redemption of Bonds › Section 36215.

36215. The provisions of Sections 36303, 36304, 36305 and 36348 shall also be applicable to general obligation bonds.
(Added by Stats. 1955, Ch. 1329.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3.5 - Alternate Provisions for the Issuance of General Obligation Bonds › ARTICLE 1 - General › Section 36250.

36250. The provisions of this chapter are in addition to any and all other provisions of this division, the California Water District Law, and any other applicable laws for the issuance of general obligation bonds by a district or an improvement district thereof.
(Added by Stats. 1970, Ch. 1458.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3.5 - Alternate Provisions for the Issuance of General Obligation Bonds › ARTICLE 2 - Authorization of Bonds and Issuance › Section 36251.

36251. In the event the board determines to provide for the issuance of general obligation bonds under the provisions of this chapter, it shall prepare and adopt a plan of works and an estimate of the amount of money necessary to raise for such purposes for which bonds may be issued. The estimate required pursuant to this section shall include every expense of the district which it is probable will be incurred and become payable before the expiration of one year from the completion of the works, including the interest on any bonds of the district to be due and payable prior to the date for which the money of the district then in the treasury or thereafter to be received from an assessment previously levied is inadequate.
(Added by Stats. 1970, Ch. 1458.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3.5 - Alternate Provisions for the Issuance of General Obligation Bonds › ARTICLE 2 - Authorization of Bonds and Issuance › Section 36252.

36252. Bonds may be issued for the purposes of acquiring or constructing works for irrigation, domestic, municipal and industrial water supply and to furnish facilities and services within or without the district to the extent provided for in Section 35500 for the collection, treatment and disposal of sewage, waste and storm water including the acquisition of necessary property for these works, acquiring funds to fulfill contractual commitments to carry out the powers and purposes of the district contained in contracts with other agencies, acquiring all or part of the operating funds for the district, the total amount of such funds so acquired not to exceed at any time an amount equal to the total operating costs of the district for a two-year period as estimated by its board, acquiring any property necessary for the purposes of the district, and otherwise carrying out the provisions of this division.
(Added by Stats. 1970, Ch. 1458.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 3.5 - Alternate Provisions for the Issuance of General Obligation Bonds › ARTICLE 2 - Authorization of Bonds and Issuance › Section 36253.

36253. Subsequent to the receipt of the plan of works provided for in Section 36251, the board may approve or modify the proposed plan of works, and thereafter by the adoption of a resolution may declare its intention to issue general obligation bonds to acquire or construct improvements described in the approved plan of works and to issue general obligation bonds of the district, or on behalf of an improvement district thereof, the interest and principal of which shall be paid by annual ad valorem taxes on the taxable land within the district or improvement district. In such case the resolution shall state the following:
(a) It is the intention of the board to acquire or construct improvements described in the approved plan of works and to issue general obligation bonds, the proceeds of which shall be used to pay the expenses thereof as set forth in the estimate provided for in Section 36251.
(b) A description of the purpose of the plan.
(c) The estimated expense of carrying out the plan of works.
(d) Assessments for carrying out such purpose shall be levied exclusively on the lands of the district or improvement district, including any territory annexed thereto.
(e) A map of the exterior boundaries of the district or improvement district is on file with the secretary of the district and is available for inspection by any person or persons interested.
(f) The date, time and place of the hearing by the board in regard to the foregoing plan at which time the board will, thereupon, determine the benefit or lack thereof to the lands within the district or improvement district thereof and, at which time all interested persons will be heard and written protests, if any, will be considered.
(Added by Stats. 1970, Ch. 1458.)