Title WAT, California Water Code

The procedure followed in making the supplemental levy shall be substantially the same as for making the original levy, except that no petition is required. (Added by Stats. 1943, Ch. 372.)

The following funds are created to which district money properly belonging shall be apportioned: (a) Bond principal fund. (b) Bond interest fund. (c) Construction fund. (d) General fund. (Added by Stats. 1943, Ch. 372.)

A district may provide for a reserve fund to be used for the payment of the interest or principal of any outstanding bonds. If the estimate referred to in Section 24955 and the order determining the amount of bonds provided for in Section 24962, provide for a revenue bond reserve…

A district may establish any fund required to comply with the terms of any plan by which any bonds are to be paid. (Added by Stats. 1943, Ch. 372.)

To the extent that any fund contains money applicable to a sinking fund provided for in a refunding plan or modification of it, the treasurer shall withdraw the sinking fund money from the fund to the amount and at the times required by the terms of the refunding plan or modifica…

Surplus funds on hand and available for payment into a refunding bond sinking fund may on order of the board be paid into it. (Added by Stats. 1943, Ch. 372.)

Any money in a refunding bond sinking fund may be invested in bonds of the United States or of this State. (Added by Stats. 1943, Ch. 372.)

Federal and State bonds so purchased with the sinking fund money together with the income from them shall be held as part of the sinking fund until the board determines that it is for the best interests of the district that the bonds or any of them be sold. (Added by Stats. 1943,…

The proceeds from the sale of any bonds in which any part of the sinking fund was invested shall be deposited in the sinking fund. (Added by Stats. 1943, Ch. 372.)

The proceeds of the annual assessment shall be paid into the district treasury and be apportioned to the several proper funds. (Added by Stats. 1943, Ch. 372.)

The proceeds of limited assessments shall be paid into the district treasury for the purpose for which the assessments were respectively authorized. (Added by Stats. 1943, Ch. 372.)

The proceeds from the lease or sale of any property specifically allocated to the payment of warrants shall be placed in a separate fund and shall not be diverted to any other purpose until the warrants are paid in full. (Added by Stats. 1943, Ch. 372.)

Whenever an object for which money has been specifically provided by district assessment or by bond issue has been accomplished and any money provided therefor remains unexpended, it may be transferred by the board to the general fund and thereafter be available for any district …

As used in this chapter, “stream system” includes stream, lake, or other body of water, and tributaries and contributory sources, but does not include an underground water supply other than a subterranean stream flowing through known and definite channels. (Enacted by Stats. 1943…

(a) As used in this chapter with respect to the Scott River in Siskiyou County, “stream system” includes ground water supplies which are interconnected with the Scott River, but does not include any other underground water supply. (b) The Legislature finds and declares that by re…

The board may determine, in the proceedings provided for in this chapter, all rights to water of a stream system whether based upon appropriation, riparian right, or other basis of right. (Amended by Stats. 1957, Ch. 1932.)

If the board finds that the use by any persons under claim of right of only minor quantities of water, as defined in Section 2503, would have no material effect on the rights of other claimants, the board may exempt such persons from being subject to these proceedings as claimant…

As used in this chapter, “minor quantities of water” refers to the diversion or extraction by any person of not to exceed 10 acre-feet of water annually. (Added by Stats. 1971, Ch. 794.)

As used in this chapter “bonds” includes both construction and refunding bonds except as otherwise expressly provided. (Added by Stats. 1943, Ch. 372.)

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.)

An issue of bonds means all of the bonds issued in accordance with a single proposal approved at an election. (Added by Stats. 1943, Ch. 372.)

Each issue of bonds shall be numbered consecutively as authorized, and the bonds of each issue shall be numbered consecutively. (Added by Stats. 1943, Ch. 372.)

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.)

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.)

The date of issue of any bond shall be deemed to be the date of the bond appearing on its face. (Added by Stats. 1943, Ch. 372.)

The board shall fix the denomination or denominations of the bonds. (Amended by Stats. 1963, Ch. 736.)

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 ta…

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…

The interest shall be payable on the first day of January and the first day of July of each year. (Added by Stats. 1943, Ch. 372.)

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, distribut…

The board shall designate the places at which the bonds and the interest thereon shall be payable. (Added by Stats. 1943, Ch. 372.)

The bonds shall be payable in lawful money of the United States. (Added by Stats. 1943, Ch. 372.)

Each bond shall be made payable at a given time for its full face value and not for a percentage thereof. (Added by Stats. 1943, Ch. 372.)

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.)

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 finan…

In no case shall the maturity of any bond be more than 50 years from its date. (Added by Stats. 1943, Ch. 372.)

When bonds are made callable, a statement to that effect shall be set forth on the face of the bond. (Added by Stats. 1943, Ch. 372.)

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.)

The seal of the district shall be impressed on each bond. (Added by Stats. 1943, Ch. 372.)

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.)

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 shal…

The secretary annually prior to delivering the assessment book to the collector shall compute and enter in a separate column of the assessment book the respective sums in dollars and cents to be paid as an annual district assessment on the land listed. (Added by Stats. 1943, Ch. …

In the event the annual assessment for any parcel of land separately assessed, computed pursuant to Sections 25800 and 25801, is less than ten dollars ($10), a minimum annual assessment may be set by the board which shall not exceed ten dollars ($10) for each such separately asse…

The annual rate of assessments shall be equal to the sum to be raised for district purposes divided by 85 per cent of the aggregate equalized assessed value of the land as it appears on the assessment book for the assessment year, the 15 per cent being deducted for anticipated de…

If any land is subject to a special rate of assessment for district purposes, the rates of assessment shall be adjusted to produce the sum to be raised computed upon the 85 per cent of the aggregate equalized assessed value. (Added by Stats. 1943, Ch. 372.)

Limited assessments shall be computed and entered by the secretary and collected as a part of the annual assessment. (Added by Stats. 1943, Ch. 372.)