reglab/statecodes huggingface dataset:
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 2 - Warrants Payable at Future Times › Section 24629.

24629. Any warrant authorized in the preceding sections of this article shall draw interest at a rate to be fixed by the board not to exceed 8 percent per year payable annually or semiannually as the board may prescribe.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 2 - Warrants Payable at Future Times › Section 24630.

24630. Coupons payable to bearer in a form and signed as prescribed by the board may be attached to warrants payable at a future date to evidence their interest.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 2 - Warrants Payable at Future Times › Section 24631.

24631. Warrants of any district may be issued to evidence the indebtedness allowed to be incurred prior to the levy of the first district assessment, bearing interest fixed by the board at not more than 8 percent per year. These warrants shall be made payable on a date not later than the first day of July next after the first annual assessment in the district is levied.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 2 - Warrants Payable at Future Times › Section 24632.

24632. If any district owns any property which it is authorized to lease or sell, its board may in the contract providing for the issuance of warrants payable at a future time, agree that the proceeds of the lease or sale of the property, not required by law to be used for other purposes, shall be allocated to the payment of these warrants.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 2 - Warrants Payable at Future Times › Section 24633.

24633. No warrants issued pursuant to this article made payable more than five years from the date of issuance shall be valid unless their issuance is authorized by a majority of the voters voting at an election called by the board for the purpose of determining whether or not the warrants shall be authorized.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 2 - Warrants Payable at Future Times › Section 24634.

24634. 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. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 2 - Warrants Payable at Future Times › Section 24636.

24636. All warrants issued pursuant to this article shall be sold by the board in such manner and in such quantities as may be determined by the board in its discretion, but except as otherwise expressly provided in this article, no such warrants shall be sold for less than 95 percent of the par value thereof.
(Added by Stats. 1975, Ch. 9.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24650.

24650. The provisions of this article are applicable only to the following types of warrants:
(a) Warrants made payable on demand.
(b) Warrants issued to evidence the indebtedness allowed to be incurred prior to the levy of the first district assessment.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24651.

24651. Whenever any warrant of a district is presented to the treasurer for payment when funds are not available for its payment, it shall thereafter draw interest at a rate determined by resolution of the board but not exceeding 8 percent per year until public notice is given that funds are available for its payment.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24652.

24652. Upon the presentation of any warrants for payment when funds are not available to pay them, the treasurer shall indorse on them all of the following:
(a) “Funds not available for payment.”
(b) Date of presentation.
(c) Rate of interest that the warrants will thereafter bear.
(d) His signature.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24654.

24654. The treasurer shall keep a record showing all of the following:
(a) Number and amount of each registered warrant.
(b) Date of its issuance.
(c) Person in whose favor it was issued.
(d) Date of its presentation for payment.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24655.

24655. Whenever there is sufficient money available in the treasury to pay all outstanding registered warrants or whenever the board orders all registered warrants presented for payment prior to a certain date to be paid and there is sufficient money available for the payments, the treasurer shall give notice to that effect.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24656.

24656. The notice shall state that the treasurer is prepared to pay all registered warrants or all registered warrants presented for payment prior to the date fixed by the board.
No further description of the warrants entitled to payment need be made in the notice.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24657.

24657. The notice shall be published in a newspaper published in the district, or if none is published in the district, in a newspaper published in any affected county, or if none is published in any affected county, the treasurer shall post the notice conspicuously at the office of the district.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24658.

24658. All warrants designated in the notice shall cease to draw interest at the time of the first publication or posting of the notice.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24659.

24659. Upon the presentation of any warrant designated in the notice, the treasurer shall pay it together with the interest due on it from the date of its original presentation for payment to the date of the first publication or posting of the notice.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24660.

24660. The treasurer shall enter all of the following in the record of registered warrants he is required to keep:
(a) Dates of the payment of the warrants.
(b) Names of the persons to whom payments are made.
(c) Amount paid to each person.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24661.

24661. No action or proceeding shall be maintained to enforce the payment of any registered warrant or to require the levy of an assessment therefor unless the action or proceeding is commenced within four years from the date of the original presentation of the warrant to the treasurer for payment.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24662.

24662. A district may enter into agreement either individually or collectively with the holder or holders of any registered warrants fixing the time of, method of, and allocation of funds for the payment of the warrants and may in this agreement or otherwise waive the time of commencing any action or proceeding thereon.
(Amended by Stats. 1991, Ch. 1226, Sec. 37.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 4 - Warrants › ARTICLE 3 - Registration of Warrants › Section 24675.1.

24675.1. Any district described in Section 20560.1 may issue notes or other evidences of indebtedness pursuant to Section 24675 to finance any works or facilities for the generation, transmission, distribution, or sale of electric power, except for preliminary or development work on the Tuolumne River or its tributaries above the New Don Pedro Reservoir, if bonds have already been approved prior to the issuance of the notes or evidences of indebtedness by a vote of the electorate pursuant to Section 21933 to finance the works or facilities. In no event shall the proceeds of any notes or other evidences of indebtedness issued pursuant to this section be issued for any purpose other than those authorized by the vote of the electorate, and in no event shall notes or other evidences of indebtedness issued for any purpose under this section, including bonds issued for the same purpose, exceed the amounts of bonds and notes or other evidences of indebtedness authorized by vote of the electorate for that purpose.
The limitation on outstanding notes or other evidences of indebtedness contained in Section 24675 shall not apply to notes or other evidences of indebtedness issued under this section.
(Added by Stats. 1983, Ch. 871, Sec. 4.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 1 - Surrender of Bonds and Warrants › Section 24735.

24735. Any owner of any bonds or warrants of a district may surrender them to the district by giving the bonds or warrants to the secretary for cancellation.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 1 - Surrender of Bonds and Warrants › Section 24736.

24736. The board shall then order the bonds or warrants canceled.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 1 - Surrender of Bonds and Warrants › Section 24737.

24737. Upon the making of the order, the bonds or warrants shall cease to be an obligation of the district as of the time of their presentation to the secretary.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 1 - Surrender of Bonds and Warrants › Section 24738.

24738. This article does not restrict any other method of releasing obligations of a district to it.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24760.

24760. If a district desires to extend the time or times of maturity of any or all of its bonds or warrants payable at stated times or to reduce the rate of interest thereon or to effect any combination of these, it may either:
(a) Enter into an agreement in writing with the holders of the bonds or warrants affected, specifying the changes in dates of maturity, rate or rates of interest, or both.
(b) Propose a plan of composition of its outstanding indebtedness which involves changes in dates of maturity, rate or rates of interest, or both.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24761.

24761. The rate of interest specified in the agreement or plan shall not exceed 8 percent per year.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24762.

24762. All interest coupons shall be payable on the first day of January or the first day of July.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24765.

24765. The board may call an election to submit to the voters the question whether or not the bonds or warrants shall be modified as provided in the agreement or plan. Notice of the election shall be given and it shall be held and its result declared as nearly as practicable as in the case of bond elections.
(Amended by Stats. 1992, Ch. 1020, Sec. 17. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24766.

24766. If a majority of the votes cast for and against the proposal is in favor of modifying the bonds or warrants, the proposal is approved.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24767.

24767. An agreement or plan may not be carried out pursuant to this article until a proposal therefor is approved by the voters, and a plan may not be carried out until it is either:
(a) Agreed to in writing by all of the holders of bonds and warrants affected.
(b) Confirmed in accordance with federal bankruptcy law.
(Amended by Stats. 2002, Ch. 94, Sec. 7. Effective January 1, 2003.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24768.

24768. Upon the presentation to the secretary of any of the bonds or warrants covered by the agreement or plan, he shall indorse on them the date to which their maturity is extended and shall attach to them coupons with his signature or a facsimile of it to evidence the semiannual interest from the time or times of the original maturity of the bonds or warrants to the new maturity date or dates.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24769.

24769. If the agreement or plan provides for a reduction in the rate of interest on the bonds or warrants before the original time or times of their maturity, new coupons shall be attached to the bonds or warrants to evidence the reduced interest. Any old coupons evidencing the interest originally provided shall be detached by the secretary from the bonds or warrants and canceled.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24770.

24770. Each bond or warrant presented and indorsed shall continue as an obligation of the district and shall not become due until the date specified in the agreement or plan.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 8 - FINANCIAL ORGANIZATION › CHAPTER 5 - Provisions Applicable to Bonds and Warrants › ARTICLE 2 - Modification of Bonds and Warrants › Section 24771.

24771. This article does not amend, modify, or limit any other provision of law for changing the date or dates of maturity of outstanding obligations of a district, but provides an alternative method of extending any obligations whose date or dates of maturity may be changed under any other provision of law.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 1 - Construction Bonds › Section 24950.

24950. Construction bonds may be authorized for the purposes of acquiring necessary irrigation, drainage, and power development and distribution works, acquiring the necessary property for these works, acquiring any property necessary for the purposes of the district, and otherwise carrying out the provisions of this division.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 1 - Construction Bonds › Section 24951.

24951. The board shall at any of the following times estimate the amount of money it is necessary to raise for the purposes for which construction bonds may be issued:
(a) As soon after the district has been formed as may be practicable.
(b) Whenever the board finds that the construction fund raised by the next preceding bond issue is insufficient or has been exhausted by expenditures therefrom and it is necessary to raise additional money for the purposes for which construction bonds may be authorized.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 1 - Construction Bonds › Section 24952.

24952. The board shall cause any surveys, examinations, and drawings, to be made which will furnish the proper basis for making an estimate of the amount of money necessary to be raised.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 1 - Construction Bonds › Section 24955.

24955. The estimate may include a sum sufficient to pay the interest on the proposed construction bonds for four years or less and, if the bonds are to be payable solely from revenues, the estimate may also include a sum for a revenue bond reserve fund to be set aside out of the proceeds of sale of revenue bonds to be maintained by revenues and used and withdrawn solely for the purpose of paying the principal of and interest on such bonds in the event that no other funds are available therefor.
(Amended by Stats. 1955, Ch. 298.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 1 - Construction Bonds › Section 24955.1.

24955.1. In the case of any district described in Section 20560.2 with respect to construction bonds issued for purposes of financing the works described in that section, the estimate may also include a sum sufficient to pay the interest on the proposed construction bonds for 10 years or less.
(Amended by Stats. 1992, Ch. 1020, Sec. 18. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 1 - Construction Bonds › Section 24963.

24963. The board, if it declares by resolution that the proposed plan of the project is satisfactory and that the plan is feasible, shall adopt an order determining the amount of bonds that should be issued to raise the money necessary to complete the proposed project. Construction bonds in an amount fixed in the order determining the amount in which they should be issued shall not be issued unless their issuance is authorized at a bond election, and the bonds in the amount fixed shall be issued when their issuance is authorized at a bond election.
(Amended by Stats. 1992, Ch. 1020, Sec. 19. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 1 - General Refunding Provisions › Section 25035.

25035. Any district may issue refunding bonds for the purpose of refunding any or all of the outstanding bonds and warrants of the district.
(Amended by Stats. 1943, Ch. 684.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 1 - General Refunding Provisions › Section 25035.5.

25035.5. Notwithstanding any other provision of this division requiring any election, any district described in Section 20560.1 may issue refunding bonds for the purpose of refunding any or all of the outstanding bonds of the district, even if the principal amount of the refunding bonds is greater than the principal amount of the bonds being refunded, without the necessity of calling and holding an election in the district if the issuance of the refunding bonds results in a reduction in the total remaining interest and principal payments on bonds of the district. In no event shall the proceeds of any refunding bonds issued pursuant to this section be used for purposes other than to refund outstanding bonds of the district or for purposes other than those for which the refunded bonds were authorized.
(Added by Stats. 1983, Ch. 871, Sec. 6.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 1 - General Refunding Provisions › Section 25038.

25038. The board shall call an election for the purpose of authorizing the issuance of the refunding bonds.
(Amended by Stats. 1991, Ch. 1226, Sec. 49.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 1 - General Refunding Provisions › Section 25039.

25039. Notice of the election shall be given and it shall be held and its result determined and declared substantially in the manner provided for a bond election, except that a majority vote only is required for the authorization of refunding bonds.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 1 - General Refunding Provisions › Section 25040.

25040. Any issue of refunding bonds may in the discretion of the board mature serially or at one time.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 1 - General Refunding Provisions › Section 25041.

25041. The maturities of refunding bonds shall be fixed by the board.
(Amended by Stats. 1991, Ch. 1226, Sec. 50.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 2 - Refunding Bond Sinking Fund › Section 25060.

25060. If any issue of refunding bonds are made to mature at one time, the board prior to or at the time of their issuance shall provide for the creation of and payments into a sinking fund for the payment of the bonds in amounts determined by the board.
(Amended by Stats. 1991, Ch. 1226, Sec. 51.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 2 - Refunding Bond Sinking Fund › Section 25061.

25061. The amount of sinking fund payments may be modified from time to time by the board.
(Amended by Stats. 1991, Ch. 1226, Sec. 52.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 2 - Refunding Bond Sinking Fund › Section 25062.

25062. Whenever the sinking fund contains at least ten thousand dollars ($10,000), the board may publish notice of redemption at least once a week for three successive weeks in some newspaper published in the office county and may publish it in any other newspaper.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 2 - Refunding Bond Sinking Fund › Section 25063.

25063. The notice shall set forth all of the following:
(a) The amount available for the redemption of the bonds.
(b) An invitation for sealed proposals for the sale to the district of any of its outstanding refunding bonds for the payment of which the sinking fund was created.
(c) The time and place when the proposals will be opened.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 2 - Refunding Bond Sinking Fund › Section 25064.

25064. All proposals received in response to the notice shall be opened by the board in open meeting at the time specified in the notice or at a time to which the meeting is adjourned.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 2 - Refunding Bond Sinking Fund › Section 25065.

25065. Any or all of the proposals may, in the discretion of the board, be rejected.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 2 - Refunding Bond Sinking Fund › Section 25066.

25066. If no bids are received or if the bids received and accepted are not sufficient to exhaust the money on hand and available for the purpose, the district through its board may purchase at private sale with any available money in the sinking fund any bonds for the payment of which the sinking fund was created.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 2 - Refunding Bond Sinking Fund › Section 25067.

25067. No proposal to sell bonds to the district pursuant to this article at a price in excess of their par value shall be accepted.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 3 - Authorized Refunding Modification › Section 25091.

25091. The board shall call an election for the purpose of authorizing the modification of a refunding plan.
(Amended by Stats. 1991, Ch. 1226, Sec. 54.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 3 - Authorized Refunding Modification › Section 25092.

25092. Notice of the election shall be given and it shall be held and its result determined and declared substantially in the same manner as a bond election, except that a majority vote only is required for the approval of the modification.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25110.

25110. The provisions of this article are applicable only to refunding plans which both:
(a) Were adopted prior to January 31, 1939.
(b) Then contained no provisions for modification.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25111.

25111. The terms of any refunding plan and of the refunding bonds outstanding thereunder may be modified from time to time if the modification is approved in the manner provided in this article by all of the following:
(a) The district.
(b) The holders of all of the outstanding refunding bonds affected.
(Amended by Stats. 1991, Ch. 1226, Sec. 55.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25112.

25112. The approval of the modification by the district shall be given by a resolution of its board and by its voters at an election called by the board.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25113.

25113. Notice of the election shall be given and it shall be held in substantially the same manner as a bond election, except that a majority vote only is required for approval of the modification.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25115.

25115. The approval of the holders of outstanding refunding bonds affected by the modification shall be evidenced by either of the following:
(a) The written consent of all of the owners and holders of the bonds.
(b) An order under federal bankruptcy law that is binding upon the holders and owners of all of the outstanding refunding bonds affected.
(Amended by Stats. 2002, Ch. 94, Sec. 8. Effective January 1, 2003.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25116.

25116. If the modification is approved in the manner provided in this article, the district need not issue new refunding bonds and coupons in exchange for outstanding bonds and coupons the terms of which have been modified, but in lieu thereof the district may provide for the indorsement on the outstanding refunding bonds and coupons affected of the terms of the modification or a reference to its terms if contained in an instrument of modification or modified refunding plan, all as provided in the modification.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25117.

25117. If the modification or modified refunding plan provides for the extension of the time of maturity of all or any of the refunding bonds, the district in lieu of issuing new refunding bonds may indorse upon the face of the refunding bonds extended the new date of their maturity and attach to them new interest coupons to evidence interest payments to become due to the extended date of maturity of the refunding bonds.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25118.

25118. All refunding bonds the terms of which have been modified shall continue to be binding outstanding bonds of the district and negotiable instruments irrespective of any indorsement of the terms of the modification or of the extension of the time of payment and shall be payable in accordance with their terms and the provisions of the modification.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 2 - Refunding Bonds › ARTICLE 4 - Unauthorized Refunding Modification › Section 25119.

25119. Any modification of any refunding plan adopted pursuant to the provisions of this article may provide for its subsequent modification with the consent of the holders of any specified percentage of the refunding bonds affected by the modification in the manner provided in it.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25201.

25201. Subject to the provisions of this article the board shall prescribe the form of the bonds issued by the district and of the attached interest coupons.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25204.

25204. The board shall fix the date of each issue of bonds and may divide any issue into two or more divisions and fix different dates for the bonds of each respective division.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25205.

25205. The date of any bond shall be subsequent to the date of the election at which its issuance was authorized and prior to that of its delivery to a purchaser from the district.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25208.

25208. The bonds shall bear interest at a rate not to exceed 8 percent per year to be fixed by the board, except that, if, before the issuance of the bonds, the board determines, to the best of its knowledge and belief, that the interest on the bonds will be subject to federal income taxation under then existing law, the bonds may bear interest at a rate or rates not exceeding 10 percent per year to be fixed by the board.
This section shall become operative on January 1, 1984.
(Repealed (in Sec. 2) and added by Stats. 1981, Ch. 62, Sec. 3. Effective June 14, 1981. Section operative January 1, 1984, by its own provisions.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25208.1.

25208.1. Notwithstanding the provisions of Section 25208 of the Water Code and any other provisions of law, the Board of Directors of the Solano Irrigation District may determine and provide, in any resolution providing for the issuance of bonds pursuant to this division, for the bonds to bear interest at a rate or rates not exceeding 18 percent a year if, before the issuance of the bonds, the board determines, to the best of its knowledge and belief, that the interest on the bonds will be subject to federal income taxation under then existing law.
(Added by Stats. 1981, Ch. 216, Sec. 1. Effective July 19, 1981.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25209.1.

25209.1. In the case of any district described in Section 20560.2, notwithstanding any other provision of this division, the interest on any bonds of the district payable solely from revenue issued for purposes of financing works of the district for the generation, transmission, distribution, or sale of electric power shall be payable at least semiannually on the dates designated by the board.
(Amended by Stats. 1992, Ch. 1020, Sec. 20. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25213.

25213. The principal on bonds shall be payable on the first day of January or the first day of July of the years designated by the board.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25213.1.

25213.1. In the case of any district described in Section 20560.2, notwithstanding any other provision of this division, each principal payment, other than payments of principal upon optional redemption, on any bonds of the district payable solely from revenue issued for purposes of financing works of the district for the generation, transmission, distribution, or sale of electric power shall be payable on one of the dates designated by the board pursuant to Section 25209.1 for payment of interest on the bonds.
(Amended by Stats. 1992, Ch. 1020, Sec. 21. Effective January 1, 1993.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25216.

25216. Each bond shall be signed by the president and secretary then in office at any time between the date of the bond and its delivery to a purchaser from the district.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25218.

25218. The interest coupons shall be signed by the secretary then in office at any time between the date of the bond and its delivery to a purchaser from the district. The signature of the secretary may be made by facsimile.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 1 - Bond Terms › Section 25219.

25219. Unless otherwise provided in the proceedings for the issuance of the bonds, they and the interest on them shall be paid from money derived 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 be assessed for these payments.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 2 - Payment Solely from Revenue › Section 25240.

25240. As used in this article and Article 3 of this chapter “revenue” means all or any part of any source or sources of payment excluding assessments but including the proceeds of any existing or proposed contract or contracts.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 2 - Payment Solely from Revenue › Section 25242.

25242. If any or all of the principal of any bonds is made payable only from revenue, the board shall cause a brief statement of the limitations upon the payment of principal or portion thereof to be set forth in the bonds.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 2 - Payment Solely from Revenue › Section 25243.

25243. If the limitations affect the payment of the interest of the bonds or any part thereof, a brief statement of the limitations shall be set forth in the interest coupons representing the interest and also in the bonds to which the interest coupons are appurtenant.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 2 - Payment Solely from Revenue › Section 25244.

25244. If the limitations affect the payment of only a portion of the interest which will accrue on any bonds, the board may provide either that:
(a) The entire installment of interest payable on any interest payment date shall be represented by a single coupon which shall contain a brief statement as to the portion of interest subject to the limitations.
(b) The portion of interest not subject to the limitations and the portion of interest subject to the limitations shall be represented by separate interest coupons, the coupons representing the portion of the interest as to which limitations exist containing a brief statement of the limitations.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 2 - Payment Solely from Revenue › Section 25245.

25245. If any board provides that the principal, interest, or both of any bonds or any portion of the principal, interest, or both shall be payable solely from designated revenue, neither the district nor any officer thereof shall be held for payment otherwise.
(Amended by Stats. 1991, Ch. 1226, Sec. 58.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 3 - Allocation of Revenue to Bond Payment › Section 25260.

25260. Any designated revenue may by resolution of the board be allocated to the payment of the whole or any portion of the principal or interest or both of any bonds.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 3 - Allocation of Revenue to Bond Payment › Section 25261.

25261. The allocation may be for either or both:
(a) Payment of the whole or any part of the principal or interest or both of any bonds payable solely from revenue.
(b) As additional security for the payment of the whole or any part of the principal or interest or both of any bonds payable from assessments.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 3 - Allocation of Revenue to Bond Payment › Section 25262.

25262. Until the payment or retirement of the bonds for the benefit of which an allocation was made, the revenue allocated shall be applied solely to the payment of the obligation specified in the allocating resolution.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 3 - Allocation of Revenue to Bond Payment › Section 25263.

25263. An allocation may be made for the exclusive benefit of any one or more issues or portions of issues of bonds of a district designated in the allocating resolutions or in the discretion of its board for the benefit of any bonds of the district at any time issued or outstanding.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 3 - Allocation of Revenue to Bond Payment › Section 25264.

25264. Any allocation shall be irrevocable until all of the bonds for which the allocation was made and their appurtenant coupons have been paid or retired.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 4 - Allocation of Revenue to Reserve Fund › Section 25280.

25280. Any sources of revenue of any district may, by order of its board, be irrevocably allocated to a reserve fund established to pay the interest or principal of any bonds.
(Amended by Stats. 1991, Ch. 1226, Sec. 59.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 5 - Callable Bonds › Section 25300.

25300. A district may, by resolution of its board adopted at or prior to the time of issuing any bonds then proposed to be issued, provide for the call and redemption prior to their fixed maturity of any of the bonds.
(Amended by Stats. 1991, Ch. 1226, Sec. 60.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 5 - Callable Bonds › Section 25301.

25301. Callable bonds may be redeemed in addition to other methods permitted in the following manner:
(a) In numerical order or by lot as prescribed in the resolution.
(b) On any interest payment date prior to their fixed maturity.
(c) At not exceeding their par value and accrued interest or on the terms provided in the resolution.
(Amended by Stats. 1943, Ch. 1054.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 5 - Callable Bonds › Section 25302.

25302. Notice designating the bonds called for redemption shall be published once a week for three successive weeks in a newspaper of general circulation printed and published in the office county.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 5 - Callable Bonds › Section 25303.

25303. The first publication of the redemption notice shall be not less than 30 days nor more than 90 days prior to the date fixed for redemption.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 5 - Callable Bonds › Section 25304.

25304. If on the date fixed for redemption the district has provided funds available for the payment of the principal and interest of the bonds called, interest on them ceases.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 6 - Bond Issuance › Section 25325.

25325. A district may sell any bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purposes for which they were authorized.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 6 - Bond Issuance › Section 25326.

25326. Before any sale the board shall by resolution entered on its minutes set forth all of the following:
(a) Its intention to sell a specified amount of the bonds.
(b) The day, hour, and place of sale.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 6 - Bond Issuance › Section 25327.

25327. The board shall give notice of the sale by publication for at least three weeks in some newspaper published in the office county and in any other newspaper at its discretion.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 6 - Bond Issuance › Section 25328.

25328. The notice shall state that sealed proposals will be received by the board at the district office for the purchase of bonds until the day and hour specified in the resolution.
(Added by Stats. 1943, Ch. 372.)
2023 California Code › Water Code - WAT › DIVISION 11 - IRRIGATION DISTRICTS › PART 9 - BONDS › CHAPTER 3 - General Bond Provisions › ARTICLE 6 - Bond Issuance › Section 25329.

25329. At the time specified the board shall open the proposals and award the purchase of the bonds or any portion of them to the highest responsible bidder or bidders.
(Added by Stats. 1943, Ch. 372.)