reglab/statecodes huggingface dataset:
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 1 - In General › Section 71853.

71853. A district may issue revenue bonds for any purpose for which general obligation bonds may be issued. Such revenue bonds may be issued pursuant to the Revenue Bond Law of 1941 or any other law which by its terms is applicable to districts formed under this division.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 1 - In General › Section 71854.

71854. A district that has outstanding revenue bonds which were approved by more than two-thirds of the votes cast at the election authorizing such bonds may incur a bonded indebtedness pursuant to this part for the purpose of refunding such revenue bonds, whether or not such revenue bonds are then due, and for the payment of all incidental expenses in connection with the refunding of such revenue bonds. Such general obligation bonds shall be authorized, issued, and sold in all respects as provided in this part for the authorization, issuance, and sale of general obligation bonds of a district.
(Added by Stats. 1978, Ch. 37.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 2 - Initiation of Proceedings for Issuance of Bonds for Entire District › Section 71860.

71860. Whenever the board deems it necessary for the district to incur a bonded indebtedness for the acquisition, construction, completion, or repair of any or all improvements, works, or property mentioned in this division, the board shall, by resolution, so declare and call an election to be held in the district for the purpose of submitting to the voters thereof the proposition of incurring indebtedness by the issuance of bonds of the district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 2 - Initiation of Proceedings for Issuance of Bonds for Entire District › Section 71861.

71861. The resolution calling the bond election shall state all of the following:
(a) The purpose for which the proposed debt is to be incurred, which may include expenses of all proceedings for the authorization, issuance, and sale of the bonds.
(b) The amount of debt to be incurred.
(c) The maximum term the bonds proposed to be issued shall run before maturity, which shall not exceed 40 years.
(d) The maximum rate of interest to be paid, which shall not exceed 8 percent per year, payable semiannually, except that interest for the first year may be payable at the end of that year.
(e) The measure to be submitted to the voters.
(f) The date upon which an election shall be held for the purpose of authorizing the bonded indebtedness to be incurred.
(g) The designation of precincts, the location of polling places, and the names of the officers selected to conduct the election, who shall consist of one judge, one inspector, and two clerks in each precinct.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71870.

71870. Whenever the board deems it necessary to incur a bonded indebtedness for the acquisition, construction, completion, or repair of any or all improvements, works, or property mentioned in this division and to provide for such bonded indebtedness to be payable from taxes levied upon less than all of the district, the board shall, by resolution, declare its intention to form an improvement district and to incur such indebtedness.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71871.

71871. The resolution of intention shall state that the board intends to form an improvement district of a portion of the district which in the opinion of the board will be benefited, and to call an election in such proposed improvement district, on a date to be fixed, for the purpose of submitting to the voters thereof the proposition of incurring indebtedness by the issuance of bonds of the district for such improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71872.

71872. The resolution of intention shall also state:
(a) The purpose for which the proposed debt is to be incurred.
(b) The amount of debt to be incurred, which may include expenses of all proceedings for the authorization, issuance, and sale of the bonds.
(c) That taxes for the payment of the bonds and the interest thereon will be levied exclusively upon the taxable property in the improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71873.

71873. The resolution of intention shall also state that a general description of the proposed improvement, together with a map showing the exterior boundaries of the proposed improvement district with relation to the territory immediately contiguous thereto and to the proposed improvement is on file with the secretary and is available for inspection by any person or persons interested. This map shall govern for all details as to the extent of the proposed improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71874.

71874. The resolution of intention shall also state:
(a) The time and place for a hearing by the board on the questions of the formation and extent of the proposed improvement district, the proposed improvement, and the amount of debt to be incurred.
(b) That at the time and place specified in the resolution any person interested, including all persons owning property in the district or in the proposed improvement district, will be heard.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71875.

71875. Notice of the hearing shall be given by publishing a copy of the resolution of intention pursuant to Section 6066 of the Government Code prior to the time fixed for the hearing in a newspaper printed and published in the district, if there is a newspaper printed and published in the district. Such notice shall also be given by posting a copy of the resolution of intention in six public places within the proposed improvement district at least two weeks before the time fixed for the hearing.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 2 - Hearing and Changes › Section 71880.

71880. At the time and place fixed in the resolution of intention, or at any time and place to which the hearing is adjourned, the board shall proceed with the hearing. At the hearing any person interested, including any person owning property within the district or within the proposed improvement district, may appear and present any matters material to the questions set forth in the resolution of intention.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 2 - Hearing and Changes › Section 71881.

71881. The board may change the purpose for which the proposed debt is to be incurred or the amount of bonded debt to be incurred, or both. The board may also change the boundaries of the proposed improvement district, but not so as to include any territory that will not, in its judgment, be benefited by the proposed improvement.
(Amended by Stats. 1995, Ch. 91, Sec. 182. Effective January 1, 1996.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 2 - Hearing and Changes › Section 71882.

71882. The purpose or amount of bonded debt or the boundaries of the proposed improvement district shall not be changed by the board except after notice of its intention to do so, given by publication pursuant to Section 6061 of the Government Code in a newspaper printed and published in the district, if there is a newspaper printed and published in the district, and by posting in six public places within the proposed improvement district. The notice shall state the changed purpose and debt proposed and that the exterior boundaries as proposed to be changed are set forth on a map on file with the secretary which map shall govern for all details as to the extent of the proposed improvement district, and shall specify the time and place for hearing on such change, which time shall be at least 10 days after publication or posting of the notice.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 2 - Hearing and Changes › Section 71883.

71883. At the time and place fixed in the notice of intention, or at any time and place to which the hearing is adjourned, the board shall proceed with the hearing. At the hearing any person interested, including any person owning property within the district or the proposed improvement district, may appear and present any matters material to the changes stated in the notice.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 3 - Formation › Section 71890.

71890. At the conclusion of the hearing, the board shall by resolution determine whether it is deemed necessary to incur the bonded indebtedness. If so, the resolution shall also state:
(a) The purpose for which the proposed debt is to be incurred.
(b) The amount of the proposed debt.
(c) That the exterior boundaries of the portion of the district which will be benefited are set forth on a map on file with the secretary, which map shall govern for all details as to the extent of the improvement district.
(d) That such portion of the district set forth on the map shall thereupon constitute and be known as “Improvement District No. ____ of ____ Municipal Water District.”
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 3 - Formation › Section 71891.

71891. The determinations made in the resolution of formation shall be final and conclusive.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 3 - Formation › Section 71892.

71892. After the formation of the improvement district pursuant to this chapter, all proceedings for the purpose of a bond election shall be limited, and shall apply only, to the improvement district, and taxes for the payment of the bonds and the interest thereon shall be levied exclusively upon the taxable property in the improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 4 - Calling on Bond Election › Section 71900.

71900. After the Board has made its determination of the matters required to be determined by the resolution of formation, and if the board deems it necessary to incur the bonded indebtedness, the board shall by a futher resolution call a special election in the improvement district for the purpose of submitting to the voters thereof the proposition of incurring indebtedness by the issuance of bonds of the district for the improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 4 - Calling on Bond Election › Section 71901.

71901. The resolution calling the bond election shall contain all of the statements required by Section 71861 and, in addition, shall state:
(a) That the board deems it necessary to incur the bonded indebtedness.
(b) The improvement district to be benefited by the bonded indebtedness, as set forth in the resolution of formation of the improvement district, and that a map showing the exterior boundaries of the improvement district is on file with the secretary, which map shall govern for all details as to the extent of the improvement district.
(c) That taxes for the payment of such bonds and the interest thereon shall be levied exclusively upon the taxable property in the improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 5 - Advance of Funds › Section 71910.

71910. The board may advance general funds of the district to accomplish the purposes of an improvement district formed pursuant to this chapter.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 3 - Formation of Improvement Districts for Issuance of Bonds › ARTICLE 5 - Advance of Funds › Section 71911.

71911. The board may repay the district for any advance of funds from the proceeds of the sale of bonds authorized for the purposes of the improvement district or as provided in Section 71616. To the extent that advances made for improvements for which such bonds were authorized are repaid from funds other than the proceeds of the sale of bonds of the improvement district, the authority of the board to issue bonds of the improvement district in a like amount or amounts shall terminate. The treasurer shall maintain proper records and accounts in which there shall be set forth all repayments of advances to the extent that advances are made for the improvements for which such bonds were authorized and, to the extent that such repayments reduce the amount of bonds which may be issued on behalf of any improvement district, the net principal amount of authorized but unissued bonds of such improvement district.
(Amended by Stats. 1969, Ch. 708.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71920.

71920. Whenever the board deems it necessary to incur a bonded indebtedness for the acquisition, construction, completion, or repair of any or all improvements, works, or property mentioned in this division and to provide for such bonded indebtedness to be payable from taxes levied upon an uninhabited portion of the district, the board shall, by resolution, declare its intention to form an uninhabited improvement district in such portion of the district and to incur such indebtedness.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71921.

71921. For the purposes of this chapter the portion of a district formed into an uninhabited improvement district shall be deemed uninhabited if less than 12 voters reside therein at the time of the formation thereof.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71922.

71922. The resolution of intention shall state that the board intends to form an improvement district of an uninhabited portion of the district which in the opinion of the board will be benefited, and to call an election in such proposed improvement district, on a date to be fixed, for the purpose of submitting to the voters thereof the proposition of incurring indebtedness by the issuance of bonds of the district for such uninhabited improvement district.
(Amended by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71923.

71923. The resolution of intention shall also state:
(a) The purpose for which the proposed debt is to be incurred.
(b) The amount of debt to be incurred, which may include expenses of all proceedings for the authorization, issuance, and sale of the bonds.
(c) That taxes for the payment of the bonds and the interest thereon will be levied exclusively upon the taxable property in the uninhabited improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71924.

71924. The resolution of intention shall also state that a general description of the proposed improvement, together with a map showing the exterior boundaries of the proposed uninhabited improvement district with relation to the territory immediately contiguous thereto and to the proposed improvement is on file with the secretary and is available for inspection by any person or persons interested. This map shall govern for all details as to the extent of the proposed uninhabited improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71930.

71930. After the board has made its determination of the matters required to be determined by the resolution of intention, and if the board deems it necessary to form the improvement district and to incur the bonded indebtedness, the board shall by a formation resolution call a special election in the proposed uninhabited improvement district for the purpose of submitting to the voters thereof the proposition of forming the uninhabited improvement district and incurring indebtedness by the issuance of bonds of the district for the uninhabited improvement district.
(Repealed and added by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71930.5.

71930.5. The provisions of this article apply only to bond elections called pursuant to this chapter. The provisions of Section 2502 of the Elections Code, relating to mandatory consolidation of elections, shall not apply to this chapter.
(Amended by Stats. 1994, Ch. 923, Sec. 265. Effective January 1, 1995.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71931.

71931. Voter means a person who is a holder of title. Each voter shall have one vote for each dollar’s worth of assessed value of land to which he holds title. The last equalized assessment roll of the county is conclusive evidence of ownership and of the value of the land so owned. Where title is held by two or more persons in undivided interests, the manner in which such interest may be voted shall be provided in the resolution calling the election.
(Repealed and added by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71931.5.

71931.5. The form and type of ballot to be used in the election and the manner of distribution thereof, to the voters, will be determined by the board.
(Added by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71932.

71932. All ballots shall be returned to the secretary of the district at the office of the district on or before the last date established for the return of the ballots by the board.
(Repealed and added by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71932.5.

71932.5. Within 10 days after the date on which all ballots must be received by the district, the board shall canvass the votes and declare the result.
(Added by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71933.

71933. Each ballot will give the voter the option of voting in favor of or in opposition to the formation of the improvement district and incurring indebtedness by the issuance of bonds of the district for the improvement district.
(Repealed and added by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71933.5.

71933.5. If a majority of the votes cast are in favor of the formation of the improvement district and incurring indebtedness by the issuance of bonds of the district for the improvement district, the improvement district shall be formed and bonds may be issued pursuant to Chapter 6 (commencing with Section 71950) of this part. If a majority of the votes cast are against the formation of the improvement district and incurring indebtedness by the issuance of bonds of the district for the improvement district, the improvement district shall not be formed and no bonds shall be issued.
(Added by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 2 - Bond Election › Section 71934.

71934. Voting may be by proxy and every appointment of a proxy is revocable at the pleasure of the person executing it by giving written notice to the district any time before the person appointed as proxy shall cast a ballot representing the votes for which the proxy was given.
(Repealed and added by Stats. 1974, Ch. 385.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 3 - Advance of Funds › Section 71936.

71936. The board may advance general funds of the district to accomplish the purposes of an improvement district formed pursuant to this chapter.
(Added by Stats. 1963, Ch. 1151.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 4 - Formation of Uninhabited Improvement Districts for Issuance of Bonds › ARTICLE 3 - Advance of Funds › Section 71937.

71937. The board may repay the district for any advance of funds from the proceeds of the sale of bonds authorized for the purposes of the improvement district or as provided in Section 71616. To the extent that advances made for improvements for which such bonds were authorized are repaid from the funds other than the proceeds of the sale of bonds of the improvement district, the authority of the board to issue bonds of the improvement district in a like amount or amounts shall terminate. The treasurer shall maintain proper records and accounts in which there shall be set forth all repayments of advances to the extent that advances are made for the improvements for which such bonds were authorized and, to the extent that such repayments reduce the amount of bonds which may be issued on behalf of any improvement district, the net principal amount of authorized but unissued bonds of such improvement district.
(Amended by Stats. 1969, Ch. 708.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 5 - Bond Election › Section 71940.

71940. The board shall provide for holding the bond election on the day fixed in the resolution calling the election and in accordance with the provisions of the Elections Code, so far as they shall be applicable, except as otherwise provided in this division.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 5 - Bond Election › Section 71941.

71941. Notice of the holding of the bond election shall be given by publishing, pursuant to Section 6066 of the Government Code, the resolution calling the election in at least one newspaper published in the district. The last publication shall be made not less than two weeks prior to the date of the proposed election. If there is no newspaper published in the district, then the resolution shall be posted in three public places in the district not less than two weeks prior to the date of the proposed election. No other notice of the election need be given.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 5 - Bond Election › Section 71942.

71942. If the bond election is to be held in an improvement district, notice of the holding of such election shall be given by publishing, pursuant to Section 6066 of the Government Code, the resolution calling the election prior to the date of the proposed election in at least one newspaper printed and published in the municipal water district, if there is a newspaper printed and published in the district. Such resolution shall also be posted in three public places in the improvement district not less than two weeks prior to the date of the proposed election. No other notice of the election need be given.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 5 - Bond Election › Section 71943.

71943. The returns of the bond election shall be made, the votes canvassed by the board within seven days following the election, and the results thereof ascertained and declared in accordance with the provisions of the Elections Code, so far as they may be applicable, except as otherwise provided in this division.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 5 - Bond Election › Section 71946.

71946. Any action or proceeding in which the validity of any bonds or of the proceedings in relation thereto (including the formation of an improvement district for which bonds are authorized to be issued by the voters thereof at a bond election) is contested, questioned, or denied shall be commenced within three months from the date of the bond election; otherwise the bonds and all proceedings in relation thereto (including the formation of the improvement district) shall be held to be valid and in every respect legal and incontestable.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 5 - Bond Election › Section 71947.

71947. If bonds have been authorized at an election held pursuant to this chapter prior to January 1, 1960, a portion of which bonds have not yet been issued, and the board determines that the sale of such unissued portion would be insufficient to finance the completion of the improvement for which the bonds were authorized, the board by resolution adopted prior to January 1, 1972, may modify the improvement and may authorize the issuance of bonds in an amount not exceeding the amount of such unissued portion for the purpose of paying the cost of the improvement as modified, without any further election, but only after notice and hearing in the same manner as provided in Article 2 (commencing with Section 71880) of Chapter 3 of this part and Article 6 (commencing with Section 53520) of Chapter 3, Part 1, Division 2, Title 5 of the Government Code, and provided that at the conclusion of the hearing the board shall by resolution determine that the territory within the district or improvement district will be benefited by the improvement as modified. Bonds so authorized may be issued and sold in the same manner as bonds authorized by an election under this chapter.
(Added by Stats. 1971, Ch. 790.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71950.

71950. If from the bond election returns it appears that more than two-thirds of the votes cast in such election were in favor of and assented to the incurring of the indebtedness, the board may, by resolution, at such time or times as it deems proper, issue bonds of the district for the whole or any part of the amount of the indebtedness so authorized, and may from time to time provide for the issuance of such amounts as the necessity thereof may appear, until the full amount of such bonds authorized has been issued.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71951.

71951. The full amount of the authorized bonds may be divided into two or more series and different dates fixed for the bonds of each series. The maximum term which the bonds of any series shall run before maturity shall not exceed 40 years from the date of the series.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71952.

71952. The board shall, by resolution, prescribe the form of the bonds and of the coupons attached thereto and fix the time when the whole or any part of the principal shall become due and payable. The payment of the first installment of principal may be deferred for a period of not more than five years from the date of the bonds or the date of the bonds of each series respectively.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71953.

71953. The bonds shall bear interest at a rate or rates not to exceed 8 percent per year, payable semiannually, except that interest for the first year may be payable at the end of that year.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71954.

71954. The board may provide for the call and redemption of bonds prior to maturity at such times and prices and upon such other terms as it may specify. A bond shall not be subject to call or redemption prior to maturity unless it contains a recital to that effect or unless a statement to that effect is printed thereon.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71955.

71955. The denomination of the bonds shall be stated in the resolution providing for their issuance but shall not be less than one hundred dollars ($100).
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71956.

71956. The principal and interest on the bonds shall be payable in lawful money of the United States at the office of the treasurer of the district or such other place or places as may be designated, or at either place or places at the option of the holder of the bond.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71957.

71957. The bonds shall be dated, numbered consecutively, signed by the president and treasurer of the district, countersigned by the secretary, and the official seal of the district attached. The interest coupons of the bonds shall be signed by the treasurer of the district. All such signatures and countersignatures may be printed, lithographed, or mechanically reproduced, except that one of the signatures or countersignatures to the bonds shall be manually affixed.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71958.

71958. If the bond election proceedings have been limited to and have applied only to an improvement district, the bonds are bonds of the district, shall be issued in the name of the district, and shall be designated “Bonds of ____ Municipal Water District for Improvement District No. ____.” Each bond and all interest coupons thereof shall state that taxes levied for the payment thereof will be levied exclusively upon the taxable property in the improvement district.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71959.

71959. Any bonds issued by a district have the same force, value, and use as bonds issued by a city and are exempt from all taxation within the State.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 1 - Issuance and Terms › Section 71960.

71960. The board may, without a vote of the electors, provide for the issuance of, and issue, general obligation bonds of the district or for an improvement district thereof if:
(a) The principal amount of such bonds do not exceed the then unissued balance of the principal amount of bonds authorized at an election held in the district, or in such improvement district, prior to May 9, 1967;
(b) The bonds are issued for the same purpose as that for which said unissued bonds were authorized; and
(c) The bonds are issued in accordance with the provisions of this article, except for the requirement of a bond election.
Bonds issued pursuant to this section may bear interest at a rate or rates not to exceed 8 percent per year, payable semiannually, except that interest for the first year may be payable at the end of that year. When bonds are issued pursuant to this section, unissued bonds as referred to in (a) and (b) above 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.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 2 - Sale of Bonds and Use of Proceeds › Section 71970.

71970. Before selling the bonds, or any part thereof, the board shall give notice inviting sealed bids in such manner as it may prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If no bids are received, or if the board determines that the bids received are not satisfactory as to price or responsibility of the bidders, it may reject all bids received, if any, and either readvertise or sell the bonds at private sale.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 2 - Sale of Bonds and Use of Proceeds › Section 71971.

71971. The proceeds from the sale of bonds shall be paid into the treasury of the district, placed to the credit of a special improvement fund, and expended only for the purpose for which the indebtedness was created. When such purpose has been accomplished, any moneys remaining in the special improvement fund may be transferred to the fund to be used for the payment of principal of and interest on the bonds.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 2 - Sale of Bonds and Use of Proceeds › Section 71972.

71972. Any moneys remaining in the special improvement fund from the sale of bonds of the district after the purpose for which the indebtedness was created has been accomplished may also be used for any other municipal water district purpose. Such moneys remaining from the sale of bonds of the district for an improvement district therein may also be used for any purpose which will benefit the property in the improvement district.
Such moneys may not be used for such other municipal water district purpose or improvement district purpose until two-thirds of the qualified voters of the district or improvement district have consented thereto at a special election called in the district or improvement district by the board. Notice of the election shall be given in the manner provided for bond elections in the district or improvement district, as the case may be, and in other respects the election shall be conducted as are other district elections.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 2 - Sale of Bonds and Use of Proceeds › Section 71973.

71973. Interest on any bonds issued by the district coming due before the proceeds of a tax levied at the next general tax levy after the sale of the bonds are available, and interest on any bonds issued by the district coming due before the expiration of one year following completion of the acquisition and construction of the works and improvements for which the bonds were issued may be paid from the proceeds of the sale of the bonds.
(Amended by Stats. 1967, Ch. 105.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 2 - Sale of Bonds and Use of Proceeds › Section 71974.

71974. The proceeds from the sale of bonds of the district issued for an improvement district thereof may be expended for the purpose for which the indebtedness was created in any territory annexed to the improvement district after the authorization of the bonds.
(Added by Stats. 1963, Ch. 156.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 6 - Issuance and Sale of Bonds › ARTICLE 2 - Sale of Bonds and Use of Proceeds › Section 71975.

71975. Notwithstanding any other provision of law, within the Rainbow Municipal Water District, if bonds have been authorized or issued pursuant to Chapter 4 (commencing with Section 71920) of this part, and thereafter, due to a change in conditions or circumstances, the board determines that the improvement, generally described in the resolution of intention No. 438, adopted October 27, 1969, pursuant to Section 71924, should be significantly modified, the board by resolution may so modify such improvement and may issue authorized but unissued bonds or, to the extent the rights of bondholders are not impaired, expend the proceeds of bonds issued for the purpose of paying the cost of the improvement as modified, without any further election or without taking proceedings pursuant to Chapter 4 (commencing with Section 71920) of this part, provided that such modification shall not change the purpose for which the sale of bonds was originally authorized, and only after notice and hearing in the same manner as provided in Article 2 (commencing with Section 71880) of Chapter 3 of this part and Article 6 (commencing with Section 53520) of Chapter 3, Part 1, Division 2, Title 5 of the Government Code, and provided that at the conclusion of the hearing the board, four-fifths of the members concurring, shall by resolution determine that the territory within the improvement district will be benefited by the improvement as modified. Notwithstanding the foregoing, the board, by resolution, may make minor modifications in the plans for the acquisition and construction of improvements and the determination made in such resolution shall be final and conclusive.
(Added by Stats. 1972, Ch. 285.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 7 - Formation of Improvement Districts for Issuance of Revenue Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71980.

71980. Whenever the board deems it necessary to incur a bonded indebtedness for the acquisition, construction, completion, or repair of any or all improvements, works or property mentioned in this division, and to provide for such bonded indebtedness payable exclusively from the revenues of an enterprise acquired, constructed, improved or financed for the benefit of an area less than all of the district, the board shall, by resolution, declare its intention to form a revenue improvement district and to incur such indebtedness.
(Added by Stats. 1975, Ch. 229.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 7 - Formation of Improvement Districts for Issuance of Revenue Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71981.

71981. The resolution of intention shall state that the board intends to form a revenue improvement district of a portion of the district which in the opinion of the board will be benefited, and to call an election in such proposed revenue improvement district, on a date to be fixed, for the purpose of submitting to the voters thereof the proposition of incurring indebtedness by the issuance of revenue bonds of the district for such revenue improvement district.
(Added by Stats. 1975, Ch. 229.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 7 - Formation of Improvement Districts for Issuance of Revenue Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71982.

71982. The resolution of intention shall also state:
(a) The purpose for which the proposed debt is to be incurred and a general description of the enterprise.
(b) The estimated amount of debt to be incurred, which may include expenses of all proceedings for the authorization, issuance, and sale of the bonds.
(c) That the bonds are to be revenue bonds, and shall be payable exclusively from the revenues of the enterprise within such revenue improvement district and that the bonds are not to be secured by the taxing power of the district.
(Added by Stats. 1975, Ch. 229.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 7 - Formation of Improvement Districts for Issuance of Revenue Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71983.

71983. The resolution of intention shall also state that a general description of the proposed enterprise, together with a map showing the exterior boundaries of the proposed revenue improvement district with relation to the territory immediately contiguous thereto and to the proposed enterprise is on file with the secretary and is available for inspection by any person or persons interested. This map shall govern for all details as to the extent of the proposed revenue improvement district.
(Added by Stats. 1975, Ch. 229.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 7 - Formation of Improvement Districts for Issuance of Revenue Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71984.

71984. The resolution of intention shall also state:
(a) The time and place for a hearing by the board on the questions of the formation and extent of the proposed revenue improvement district and the proposed enterprise.
(b) That at the time and place specified in the resolution any person interested including all persons owning property in the district or in the proposed revenue improvement district, will be heard.
(Added by Stats. 1975, Ch. 229.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 7 - Formation of Improvement Districts for Issuance of Revenue Bonds › ARTICLE 1 - Initiation of Proceedings › Section 71985.

71985. Notice of the hearing shall be given by publishing a copy of the resolution of intention pursuant to Section 6066 of the Government Code prior to the time fixed for the hearing in a newspaper printed and published in the district, if there is a newspaper printed and published in the district. Such notice shall also be given by posting a copy of the resolution of intention in six public places within the proposed revenue improvement district at least two weeks before the time fixed for the hearing.
(Added by Stats. 1975, Ch. 229.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 7 - Formation of Improvement Districts for Issuance of Revenue Bonds › ARTICLE 2 - Hearing and Changes › Section 71986.

71986. Except as otherwise provided in this article, the board shall proceed with the hearing, conduct the hearing, make changes to the enterprise or the estimated amount of the proposed debt and hold hearings on the changes pursuant to Sections 71880 to 71883, inclusive.
(Added by Stats. 1975, Ch. 229.)
2023 California Code › Water Code - WAT › DIVISION 20 - MUNICIPAL WATER DISTRICTS › PART 7 - BONDS › CHAPTER 7 - Formation of Improvement Districts for Issuance of Revenue Bonds › ARTICLE 3 - Formation of Revenue Improvement District › Section 71987.

71987. At the conclusion of the hearing, the board shall by resolution determine whether it is deemed necessary to form the proposed revenue improvement district and to incur the bonded indebtedness. If so, the resolution shall state:
(a) The purpose for which the proposed debt is to be incurred.
(b) The estimated amount of the proposed debt.
(c) That the exterior boundaries of the portion of the district which will be benefited are set forth on a map on file with the secretary, which map shall govern for all details as to the extent of the revenue improvement district.
(d) That such portion of the district set forth on the map shall thereupon be formed and be known as “Revenue Improvement District No. ____ of ____ Municipal Water District.”
(Added by Stats. 1975, Ch. 229.)