reglab/statecodes huggingface dataset:
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 36254.

36254. Notice of such hearing shall be given by publishing a copy of the resolution provided for in Section 36253 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 14 days prior to the time fixed for hearing. Such notice shall also be given by posting a copy of the resolution in three public places within the district or the improvement district, for at least 14 days prior to the time fixed for the hearing. Also notice thereof shall be given by certified mailing a certified copy of the resolution to each property owner shown on the last equalized assessment roll. The mailing of such notices shall be completed not less than 14 days prior to the hearing. No other notice other than that required by this section need be given.
(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 36255.

36255. At any time not later than the hour set for hearing objections to the proposed plan of works and the issuance of general obligation bonds therefor, any owner of property liable to be assessed therefor may make written protest. Such protest shall be in writing, shall contain a description of the property in which each signer has an interest, sufficient to identify the same and if the signers are not shown on the last equalized assessment roll as the owners of such property, such protest shall contain or be accompanied by written evidence that such signers are the owners of such property. All such protests shall be delivered to the secretary of the district.
(Amended by Stats. 1980, Ch. 676, Sec. 322.)
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 36256.

36256. At the time set for hearing protests, the board shall hear and pass upon all protests made as provided for in Section 36254 and its decision shall be final and conclusive. The board may adjourn the hearings from time to time and any written protest may be withdrawn by an owner making the same in writing at any time prior to the conclusion of the hearing or any such adjournment 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 36257.

36257. If a majority written protest is made pursuant to Section 36255 against the plan of works, the proposed issuance of general obligation bonds therefor or the amount thereof, and the board finds that the protest is made by either one-half or more of the area proposed to be assessed for the payment of the general obligation bonds proposed to be issued, or more than one-half of the assessed valuation of the land within the boundaries of the district or the improvement district to be assessed for the payment of the interest and principal of the general obligation bonds proposed to be issued, and such protests are not withdrawn so as to reduce the same to less than a majority in either instance, the proceedings shall be terminated and no further proceedings shall be taken for a period of one year from the date of the decision of the board on the hearing.
(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 36258.

36258. The last equalized assessment roll shall be used as a basis for determining whether or not a majority written protest has been made. The board shall be under no duty to obtain or consider any other evidence as to ownership of property and its determination of ownership shall be final and conclusive.
(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 36259.

36259. If at the conclusion of the hearing the board determines that all of the lands included within the district and the boundaries of the improvement district described in the plan of works will be benefited and a majority protest as provided for in this article has not been received, the board may thereafter issue general obligation bonds of the district or the improvement district in an amount not in excess of the estimate provided for in Section 36251. Any bonds authorized to be issued to accomplish the plan of works as provided for in Section 36251 for the district or for an improvement district shall be issued and sold in the same manner and upon the same terms and conditions as other general obligation bonds of the district.
(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 36260.

36260. Bonds issued hereunder and interest which accrues thereon shall be paid in a manner identical to bonds issued on behalf of a district or improvement district of a California water district as otherwise provided in 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 36261.

36261. The Special Assessment Investigation, Limitation and Majority Protest Act of 1931 shall not apply to any proceedings under this chapter.
(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 36262.

36262. The board may, without a vote of the electors, or without a further hearing, provide for the issuance of, and issue, general obligation bonds of a district or for an improvement district thereof in accordance with the following:
(a) The principal amount of such bonds does not exceed the then unissued balance of the principal amount of bonds of a district, or of such improvement district, authorized pursuant to the provisions of this chapter prior to January 1, 1974.
(b) The bonds are issued for the purpose set forth in the plan of works adopted for such authorized bonds or as such plan of works may be modified pursuant to Article 1 (commencing with Section 35950) of Chapter 2 of this part.
(c) The bonds are issued in accordance with the provisions of this division, except for the requirement of a bond election or notice and hearing.
Bonds issued pursuant to this section shall be secured by unlimited ad valorem assessments on land in the district or in the improvement 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.
When bonds are issued pursuant to this section, unissued bonds as referred to in subdivisions (a) and (b) in a principal amount at least equal to the principal amount of bonds issued pursuant to this section, shall be canceled by order of the board and shall not be issued.
(Added by Stats. 1974, Ch. 1376.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 1 - Bond Issuance › Section 36300.

36300. If a revenue 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 for and limited to the purpose 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 and property rights therefor, 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 to be acquired not to exceed an amount equal to the total operating costs of the district for a two-year period as estimated by its board, including the interest on such bonds to be due and payable prior to the date on which revenues of the district will be available for the payment thereof, acquiring any property necessary for the purposes of the district and otherwise carry out the provisions of this division.
(Amended by Stats. 1980, Ch. 6, Sec. 9. Effective February 4, 1980.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 1 - Bond Issuance › Section 36301.

36301. Revenue bonds shall be issued in the name of the district and shall be obligations of the district, limited, however, to the payment or redemption of the revenue bonds and the payment of interest thereon from the revenues of the district, or such portion thereof as may be prescribed by the district by order or by contract.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 1 - Bond Issuance › Section 36302.

36302. Revenue bonds are not a general debt, liability, or obligation of the district.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 1 - Bond Issuance › Section 36303.

36303. The board may, in the resolution authorizing the issuance of revenue bonds, provide that the bonds or any part thereof shall be subject to call and redemption before maturity, at the option of the district, at such price or prices as may be fixed in the resolution, not exceeding a premium of 6 percent of the par value of the revenue bonds so subject to redemption.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 1 - Bond Issuance › Section 36304.

36304. Revenue bonds issued subject to call and redemption prior to maturity shall contain a recital to that effect on the face of the revenue bonds, and no revenue bond shall be subject to call or redemption prior to its fixed maturity date unless it contains such recital.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 1 - Bond Issuance › Section 36305.

36305. The board in its resolution authorizing the issuance of revenue bonds shall fix the method of giving notice of redemption to the holders of revenue bonds to be redeemed and the price or prices at which the revenue bonds shall be subject to redemption.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 2 - Lien of Bonds › Section 36320.

36320. The payment of both principal and interest of revenue bonds shall be secured only by the revenues pledged therefor.
(Amended by Stats. 1980, Ch. 6, Sec. 10. Effective February 4, 1980.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 2 - Lien of Bonds › Section 36321.

36321. No holder of any revenue bond may ever compel any exercise of the taxing power to pay the bond, interest thereon, or any part of either.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 2 - Lien of Bonds › Section 36322.

36322. All revenue bonds of the same issue shall, subject to the prior and superior rights of outstanding bonds, claims, or obligations, and notwithstanding anything to the contrary contained in Section 35471, have a prior and paramount lien on the revenue pledged for the payment or redemption thereof and the payment of interest thereon over and ahead of all revenue bonds of any issue which may be subsequently issued and over and ahead of any claims or obligations of any nature against the revenue subsequently arising or subsequently incurred. This section shall not prohibit the district from making provisions, at the time of issuance and sale of revenue bonds, for the subsequent issuance of parity lien bonds.
(Amended by Stats. 1980, Ch. 6, Sec. 11. Effective February 4, 1980.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 2 - Lien of Bonds › Section 36323.

36323. All revenue bonds of the same issue shall be equally and ratably secured without priority by reason of number, date of bonds, of sale, of execution, or of delivery, by a lien on the district’s revenue in accordance with the provisions of this division and the resolutions authorizing the issuance of the bonds.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36340.

36340. Revenue bonds and interest coupons attached thereto shall be in such form as may be prescribed by the board.
(Repealed and added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36341.

36341. The face of each revenue bond shall state:
(a) That the payment or redemption of the bond and the payment of the interest thereon is secured solely by a first and direct charge and lien upon all or the portion, as prescribed by the district by order or by contract, of the revenues pledged therefor.
(b) That neither the payment of all or any part of the principal or interest thereon is a general debt, liability, or obligation of the district.
(c) That the bond is subject to call and redemption prior to maturity, if the board has so provided.
(Amended by Stats. 1980, Ch. 6, Sec. 12. Effective February 4, 1980.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36342.

36342. Revenue 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 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36343.

36343. Each issue of revenue bonds shall be numbered consecutively and the bonds of each issue shall be numbered consecutively from lower to higher as they mature and shall bear such date as may be prescribed by the board.
(Repealed and added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36344.

36344. The date appearing upon the face of a revenue bond shall be deemed to be the date of issuance irrespective of the subsequent delivery of the bond.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36345.

36345. Revenue bonds shall be signed by the president and attested by the secretary, and interest coupons appertaining thereto shall be signed 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 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36346.

36346. All the signatures on the bond or coupons may be printed, lithographed, engraved, or otherwise mechanically reproduced, except that one of the signatures shall be manually affixed.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36347.

36347. The seal of the district may be affixed to the revenue bonds by mechanical reproduction thereof.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36348.

36348. If any officer whose signature appears on any revenue bond or coupon ceases to be such officer of the district before the delivery of the bonds to the purchaser, his signature on the bond or coupon is valid and sufficient for all purposes with like force and effect as though he had remained in office until the actual delivery of the bonds and payment of the purchase price thereof.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36349.

36349. Revenue 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 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36350.

36350. Revenue bonds shall be payable at such time and place 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.
(Added by Stats. 1951, Ch. 1756.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36351.

36351. Every revenue bond shall be payable at a given time for its entire amount 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 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 3 - Miscellaneous Provisions › Section 36352.

36352. Revenue 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 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36360.

36360. Bondholders owning or holding 25 percent or more of any outstanding and unpaid issue of revenue bonds may, when payments of principal or interest, or both, have been in default for not less than one year, institute proceedings in the superior court of the principal county to compel the district to fix and collect sufficient charges for the sale of water for the irrigation of land to pay when due the principal and interest of revenue bonds.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36361.

36361. The complaint shall:
(a) Name the district as a defendant.
(b) State that on the date therein named bond principal payments, interest thereon, or both, were in default for a period of more than one year.
(c) Pray:
(1) That the district be adjudged in default of payments of its obligations as they mature.
(2) That a receiver be appointed by the court to manage and conduct the affairs of the district, fix and collect charges for the sale of water for the irrigation of the land sufficient to pay all accumulated and unpaid revenue bond principal and interest charges.
(3) That the receiver be vested with such other duties as the court may determine to be for the best interests of the district and the owners and holders of its outstanding and unpaid revenue bonds.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36362.

36362. The summons in the proceeding shall be served by publishing a copy thereof once a week for four weeks in a newspaper of general circulation published in each affected county.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36363.

36363. Within 30 days after publication of the summons has been completed and proof filed with the court any person may appear and answer the complaint.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36364.

36364. On the expiration of 60 days after the publication of summons has been completed and proof filed with the court, after proof to the court that a default exists and continues, the court shall assume jurisdiction over the affairs of the district and appoint a receiver for the purposes set forth in the complaint.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36365.

36365. The jurisdiction of the court over the affairs of the district shall continue until the default for which the receiver was appointed has been discharged.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36366.

36366. A receiver has no power to dispose of any part of the property of the district except in the ordinary course of business. The authority of a receiver is limited to the operation and maintenance of the district.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36367.

36367. No court has jurisdiction to enter any order or decree requiring or permitting a receiver to sell, assign, mortgage, or otherwise dispose of or encumber the district or any part thereof.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4 - Provisions Relating to Revenue Bonds Only › ARTICLE 4 - Action to Secure Payment of Revenue Bonds › Section 36368.

36368. Whenever all that is due upon all obligations and interest thereon which are a charge, lien, or encumbrance on the revenues of the district has been paid and all defaults have been cured and made good, the court, after such notice and hearing as it deems reasonable and proper, shall direct the receiver to surrender jurisdiction over the affairs of the district.
(Added by Stats. 1951, Ch. 390.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36380.

36380. A district whose facilities are for delivery primarily of agricultural water supplies and wherein at least 51 percent of the assessable acreage is zoned and developed for agricultural uses 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. A district may issue revenue warrants pursuant to this chapter in any year only if the district does not receive during such year its full contractual entitlement under a water supply contract with the United States, the State of California, or any other public agency, upon which contract the district relies for meeting a substantial portion of its water supply needs.
(Added by Stats. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36381.

36381. Revenue warrants shall be secured by all or part of the revenues received by the district from charges fixed pursuant to Section 35470 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 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 the interest on, revenue warrants, but such warrants shall be not secured by any lien or charge upon any assessment.
(Added by Stats. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36382.

36382. 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.
(Added by Stats. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36383.

36383. Revenue warrants shall mature at such time or times as the board may prescribe, but not more than 10 years from the date of issuance.
(Added by Stats. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36384.

36384. 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. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36385.

36385. 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.
(Added by Stats. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36386.

36386. No revenue warrants shall be issued or sold until their issuance has been authorized by resolution of the board adopted by a four-fifths vote.
(Amended by Stats. 1992, Ch. 1020, Sec. 37. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36386.1.

36386.1. If, after the board adopts the resolution to issue the revenue warrants and before 30 days thereafter, the board receives a petition containing the signatures of persons holding title to 10 percent of the land area within the district, the board shall call an election of the qualified voters in the district and submit the resolution to issue revenue warrants to such voters for their approval or rejection. The election required by this section shall be called and noticed, held, and conducted in the same manner provided for bond elections in the district, excepting that a majority of the votes cast in favor of such resolution shall be required for the approval of such resolution.
(Added by Stats. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36387.

36387. 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. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36388.

36388. 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 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. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36389.

36389. 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. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36390.

36390. 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. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36391.

36391. 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. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36392.

36392. Revenue warrants shall not be issued under this chapter by any district in any one fiscal year in excess of four million dollars ($4,000,000).
(Added by Stats. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.3 - Revenue Warrants › Section 36393.

36393. The provisions of this chapter shall constitute an addition to all other power of a district to borrow money, incur indebtedness, and issue warrants in connection therewith, and shall not be deemed a restriction or limitation on such other power.
(Added by Stats. 1977, Ch. 1117.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36400.

36400. A district may borrow money and incur indebtedness as provided in this chapter by action of the board and without the necessity of calling and holding an election in the district, except as otherwise provided in Section 36402.1.
(Amended by Stats. 1968, Ch. 164.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36401.

36401. Indebtedness may be incurred pursuant to this chapter for any purpose for which the district is authorized to expend funds, including provisions for the payment of current expenses of the district and for the funding or refunding of any outstanding warrants.
(Added by Stats. 1954, 1st Ex. Sess., Ch. 2.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36402.

36402. Indebtedness incurred under this chapter shall be evidenced by warrants or negotiable notes of the district payable at stated times fixed by the board and bearing interest at a rate not exceeding 8 percent per annum, payable annually or semiannually.
(Amended by Stats. 1976, Ch. 533.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36402.1.

36402.1. Except as provided in Section 36407.1, no warrants or negotiable notes issued pursuant to this chapter 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 or negotiable notes shall be authorized.
(Amended by Stats. 1976, Ch. 533.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36402.2.

36402.2. 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. 1968, Ch. 164.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36402.3.

36402.3. The proceeds of such warrants or negotiable notes may be used and applied to the purchase or redemption of any outstanding warrants or negotiable notes of the district.
(Amended by Stats. 1992, Ch. 1020, Sec. 38. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36403.

36403. Such warrants shall be issued in the name of the district after the adoption, by a four-fifths vote of all the members of the board, of a resolution setting forth the form of the warrant, the maturity date or dates thereof, and the manner of execution thereof.
(Added by Stats. 1954, 1st Ex. Sess., Ch. 2.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36404.

36404. The board may, in its resolution authorizing the issuance of such warrants, provide that the warrants shall be subject to call and redemption prior to maturity, at the option of the district, at such price or prices as may be fixed in the resolution, not exceeding a premium of 6 percent of the par value of the warrants so subject to redemption. The resolution shall fix the method of giving notice of redemption to the holders of warrants to be redeemed and the price or prices at which the warrants shall be subject to redemption. Warrants so subject to call and redemption prior to maturity shall contain a recital to that effect on their face, and no warrant issued under this chapter shall be subject to call or redemption prior to its fixed maturity date unless it contains such recital.
(Added by Stats. 1954, 1st Ex. Sess., Ch. 2.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36405.

36405. Coupons payable to bearer shall be in a form and signed as prescribed by the board and may be attached to warrants issued under this chapter to evidence their interest.
(Added by Stats. 1954, 1st Ex. Sess., Ch. 2.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36406.

36406. Warrants or negotiable notes issued under this chapter shall be offered for public sale upon notice inviting sealed bids therefor. Such notice shall be given by publication pursuant to Section 6061 of the Government Code in a newspaper of general circulation printed and published in the district or if such a newspaper is not printed and published in the district by posting in three public places in the district, and the sale shall not be held before 10 days after such publication or posting. The board may reject all bids received on public sale and either readvertise or sell the warrants or negotiable notes at private sale, but no sale at private sale shall be made for less than the par value of the warrants or negotiable notes and accrued interest thereon.
(Amended by Stats. 1976, Ch. 533.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36407.

36407. Warrants or negotiable notes issued under this chapter and authorized by the voters pursuant to Section 36402.1 shall constitute general obligations of the district for the payment of both principal and interest of which all land in the district subject to assessment by the district shall be assessed without limitation of rate or amount. It shall be the duty of the board to include in its annual estimate filed with the board of supervisors all sums necessary to pay the principal of, and interest on, all warrants or negotiable notes issued under this chapter coming due during the next year, and any sums that the board shall direct to be set aside in a special fund for the future payment of principal of and interest on any outstanding warrants or negotiable notes issued under this chapter which will come due in any year following the next year. It shall be the duty of the board of supervisors, at the time and in the manner provided in this division for making the annual assessment, to fix an ad valorem rate of assessment sufficient to pay the principal of and interest on all warrants or negotiable notes issued under this chapter as the same become due, and the sums required for the special fund established by the board. Such ad valorem assessment shall be in addition to all other assessments in this division provided for and when collected shall be used for no purpose other than the payment of said warrants or negotiable notes and the interest thereon.
(Amended by Stats. 1976, Ch. 533.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36407.1.

36407.1. Warrants or negotiable notes payable in five years or less from the date of issuance may be issued under this section without the approval of the voters pursuant to Section 36402.1 and shall constitute obligations of the district payable from annual assessments and other revenues of the district and subject to the maximum property tax rate contained in Chapter 3 (commencing with Section 2201) of Part 4 of Division 1 of the Revenue and Taxation Code.
(Amended by Stats. 1976, Ch. 533.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36408.4.

36408.4. Warrants or negotiable notes payable at a future date or times may also be issued to obtain funds or property for any lawful purpose of the district; provided, the total amount of the warrants or negotiable notes payable in any one year shall not exceed one-fourth of one (1) percent of the total valuation of the land in the district according to the last equalized assessment roll.
(Amended by Stats. 1992, Ch. 1020, Sec. 40. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36408.5.

36408.5. Any warrant or negotiable notes authorized in the preceding section shall draw interest at a rate to be fixed by the board not to exceed eight (8) percent per year payable annually or semiannually as the board may prescribe. Negotiable notes shall be issued payable to bearer with a right of the district to provide for the registration and deregistration thereof in the same manner as bonds of the district. Interest coupons to bearer in a form and signed as prescribed by the board may be attached to such warrants or negotiable notes.
(Amended by Stats. 1976, Ch. 533.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36408.6.

36408.6. Warrants or negotiable notes 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 eight (8) percent per year. These warrants or negotiable notes 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.
(Amended by Stats. 1976, Ch. 533.)
2023 California Code › Water Code - WAT › DIVISION 13 - CALIFORNIA WATER DISTRICTS › PART 6 - FINANCIAL PROVISIONS › CHAPTER 4.5 - Provisions Relating to Short Term Borrowings › Section 36408.7.

36408.7. A district may borrow money in anticipation of the sale of, but not in excess of the principal amount of, authorized bonds of the district which have not yet been sold and delivered, and for that purpose may issue and sell negotiable bond anticipation notes, and may refund such notes from time to time, but the maximum maturity of any such notes, as originally issued or as refunded, shall not exceed five years from the date of the original notes. The notes shall be sold in such manner as the board may determine, and such notes and the resolution providing for the issuance of such notes may contain any provision, condition or limitation which a bond, or any resolution or ordinance providing for the issuance of bonds, may contain. The interest on bond anticipation notes shall be payable at the time or times provided in such notes and may be represented by interest coupons attached to the notes and shall be payable from the same funds from which the interest on bonds of the district are payable. The principal of such notes may be paid from any moneys of the district available for such purpose. If such notes, or any portion thereof, have not been previously paid, they shall be paid from the proceeds of the next sale of bonds in anticipation of which the notes were issued. The resolution providing for the issuance of bond anticipation notes may contain a provision that, if for any reason bonds of the district are not sold in time to provide funds to pay any unpaid note, and, if other funds of the district are not available for such payment, ad valorem assessments shall be levied upon the assessable land in the district for such payment in the same manner provided for the payment of bonds in such amount each year for such period of years as may be set forth in such resolution. To the extent bond anticipation notes are paid from such assessment, authorized bonds in a corresponding amount shall be canceled and not issued thereafter. When bonds of the district are issued and any portion of the proceeds of the sale are to be used to pay bond anticipation notes, such bonds shall mature not later than the maximum permissible years for such bonds as provided in Section 36195, with the maximum permissible maturity determined from the date of such notes as originally issued.
(Added by Stats. 1976, Ch. 533.)