Water Code — Part 17 | WAT — United States — California law | Esheria

Water Code

Part 17 of 51 · provisions 3,201–3,400

This section says the act is called the Water Code.

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About this statute

Local custom is only one factor in judging the reasonableness of a water use, method of use, or diversion; it cannot by itself decide the issue. This section says the coordinated state water conservation, development, and utilization plan is called the “State Water Plan.” The American River Development is included in the State Water Plan. The State may not issue a water appropriation permit for a project that would flood any part of Gold Discovery Site State Park at Coloma unless the issuance is specifically authorized by law. This section gives the Georgetown Divide Public Utility District rights to pursue a federal permit and license, limits water-rights filings and permits for certain South Fork of the American River projects for set periods, and requires some applicants to evaluate alternatives or replace lost uses.

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Provisions of Water Code

Showing 200 of 10,024

  1. 24275.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. General Financial Provisions [24250 - 24275] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Settlements and Statements [24270 - 24275] ( Article 2 added by Stats. 1943, Ch. 372. )

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    A notice that the annual financial statement is available for inspection and review must be published at least once a week for two weeks in a newspaper in the county where the district’s principal office is located.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. General Financial Provisions [24250 - 24275] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Settlements and Statements [24270 - 24275] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24275. Notification that the annual financial statement is available for inspection and review shall be made at least once a week for two weeks in a newspaper published in the county in which the principal office of the district is located. (Repealed and added by Stats. 1985, Ch. 771, Sec. 6.5.)
  2. 24350.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Deposits Generally [24350 - 24352] ( Article 1 added by Stats. 1943, Ch. 372. )

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    An officer with legal custody of district money may deposit it under the general laws on depositing public money.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Deposits Generally [24350 - 24352] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24350. Any money belonging to a district may be deposited by the officer of the district who has legal custody of the money, in accordance with the general laws governing the deposit of public money. (Added by Stats. 1943, Ch. 372.)
  3. 24351.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Deposits Generally [24350 - 24352] ( Article 1 added by Stats. 1943, Ch. 372. )

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    If a deposit is insured by the FDIC, the bank does not need to require additional security for that insured portion.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Deposits Generally [24350 - 24352] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24351. Where the deposit of money is insured by the Federal Deposit Insurance Corporation no additional security need be required from the bank for the portion of the district’s deposits so insured. (Added by Stats. 1943, Ch. 372.)
  4. 24352.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Deposits Generally [24350 - 24352] ( Article 1 added by Stats. 1943, Ch. 372. )

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    If the district has arranged with the Reconstruction Finance Corporation, it may deposit district funds in the Federal Reserve Bank of the United States or any branch without providing security or interest.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Deposits Generally [24350 - 24352] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24352. Where arrangements have been made by the district with the Reconstruction Finance Corporation for deposit of district funds in the Federal Reserve Bank of the United States, such deposits may be made in that bank or any branch of it without requiring any security or interest. (Added by Stats. 1943, Ch. 372.)
  5. 24370.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Deposits in County Treasury [24370 - 24373] ( Article 2 added by Stats. 1943, Ch. 372. )

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    The board may withdraw money from the construction fund and deposit it in the county treasury when the fund exceeds $25,000.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Deposits in County Treasury [24370 - 24373] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24370. The board may draw from time to time from the construction fund and deposit in the county treasury of the office county any money in the construction fund in excess of twenty-five thousand dollars ($25,000). (Added by Stats. 1943, Ch. 372.)
  6. 24371.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Deposits in County Treasury [24370 - 24373] ( Article 2 added by Stats. 1943, Ch. 372. )

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    The county treasurer must receive district money deposited with him, credit it to the district, and be responsible on his official bond for its safe-keeping and disbursement.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Deposits in County Treasury [24370 - 24373] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24371. The county treasurer shall receive and receipt for district money deposited with him and place it to the credit of the district, and he shall be responsible upon his official bond for the safe-keeping and disbursing of the money. (Added by Stats. 1943, Ch. 372.)
  7. 24372.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Deposits in County Treasury [24370 - 24373] ( Article 2 added by Stats. 1943, Ch. 372. )

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    The county treasurer may pay district money only to the district treasurer, and only if the board’s order is signed by the president and attested by the secretary.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Deposits in County Treasury [24370 - 24373] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24372. The county treasurer shall pay out district money or any portion of it only to the treasurer of the district and only upon the order of the board signed by the president and attested by the secretary. (Added by Stats. 1943, Ch. 372.)
  8. 24373.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Deposits in County Treasury [24370 - 24373] ( Article 2 added by Stats. 1943, Ch. 372. )

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    A county treasurer who handles district money must give a written monthly report and file it with the secretary.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Deposits in County Treasury [24370 - 24373] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24373. A county treasurer having charge of district money shall report as to it in writing on the second Monday in each month all of the following: (a) Amount in the county treasury at the close of the month next preceding. (b) Amounts received in the month next preceding. (c) Amounts paid out in the month next preceding. The report shall be verified and filed with the secretary. (Added by Stats. 1943, Ch. 372.)
  9. 24390.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Special Accounts [24390 - 24393] ( Article 3 added by Stats. 1943, Ch. 372. )

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    The board may, by resolution, create special accounts from the general fund and choose who will hold custody of those accounts.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Special Accounts [24390 - 24393] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24390. The board may by resolution establish special accounts from the general fund when they are convenient for the efficient and economical operation of the district and designate the person or officer to have custody of the several accounts so established. (Added by Stats. 1943, Ch. 372.)
  10. 24391.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Special Accounts [24390 - 24393] ( Article 3 added by Stats. 1943, Ch. 372. )

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    Special accounts are to be supplied from the general fund by warrant, in the same way as payment of a claim against the district.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Special Accounts [24390 - 24393] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24391. Special accounts from the general fund shall severally be supplied from the general fund by warrant in the same manner as in the payment of any claim against the district. (Added by Stats. 1943, Ch. 372.)
  11. 24392.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Special Accounts [24390 - 24393] ( Article 3 added by Stats. 1943, Ch. 372. )

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    A person in custody of a special account must file a verified monthly report with the board and the secretary.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Special Accounts [24390 - 24393] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24392. The person in custody of any special account shall make a verified report in writing to the board between the first and tenth of each month showing all of the following for the month next preceding: (a) Amount of money received by him for the account in his charge. (b) Amount and items of expenditures from the account. The report shall be filed with the secretary. (Added by Stats. 1943, Ch. 372.)
  12. 24393.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Special Accounts [24390 - 24393] ( Article 3 added by Stats. 1943, Ch. 372. )

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    Special-account payments may be made only with a written order from a board-designated person.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Deposits [24350 - 24393] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Special Accounts [24390 - 24393] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24393. No payment shall be made from any special account except upon the written order of a person designated for the purpose by the board, which order shall indicate the purpose for which and the person to whom payment is to be made. (Added by Stats. 1943, Ch. 372.)
  13. 24475.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    This section creates four district funds and says district money properly belonging must be apportioned to them.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24475. 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.)
  14. 24476.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    A district may create a reserve fund for paying bond interest or principal, and may create a revenue bond reserve fund in specified circumstances.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24476. 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 fund in a specified amount to be set aside out of the proceeds of sale of revenue bonds, then the district may, upon the sale of any bonds payable solely from revenues, create such revenue bond reserve fund and set aside in such fund out of the proceeds of sale of such bonds a sum not exceeding such specified amount, such fund to be maintained from 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.)
  15. 24477.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    A district may establish any fund needed to comply with a bond payment plan.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24477. 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.)
  16. 24478.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    If a fund includes money for a sinking fund under a refunding plan, the treasurer must withdraw that money as required by the plan and use it according to the plan’s terms.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24478. 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 modification of it and apply the money pursuant to those terms. (Added by Stats. 1943, Ch. 372.)
  17. 24479.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    The board may order surplus funds to be paid into a refunding bond sinking fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24479. 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.)
  18. 24480.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    Money in a refunding bond sinking fund may be invested in U.S. bonds or State bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24480. 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.)
  19. 24481.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    Bonds purchased with sinking fund money, and the income from them, must be kept as part of the sinking fund until the board decides selling them is in the district’s best interests.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24481. 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, Ch. 372.)
  20. 24482.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    Money received from selling bonds that had sinking fund money invested in them must be deposited back into the sinking fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24482. 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.)
  21. 24483.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

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    Annual assessment proceeds must be paid into the district treasury and apportioned to the proper funds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24483. 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.)
  22. 24484.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Proceeds from limited assessments must be paid into the district treasury and used for the purpose they were authorized for.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24484. 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.)
  23. 24485.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Money from leasing or selling property set aside to pay warrants must go into a separate fund and cannot be used for anything else until the warrants are fully paid.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24485. 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.)
  24. 24486.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If money set aside for a district purpose has been used for that purpose and some of it is still unspent, the board may move the leftover money to the general fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Funds Generally [24475 - 24486] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24486. 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 purposes. (Added by Stats. 1943, Ch. 372.)
  25. 24500.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    When a matured district bond is presented, the treasurer must pay it from the bond principal fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24500. Upon presentation of any matured bond of the district, the treasurer shall pay it from the bond principal fund. (Added by Stats. 1943, Ch. 372.)
  26. 24501.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    When a matured interest coupon for a district bond is presented, the treasurer must pay it from the bond interest fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24501. Upon presentation of any matured interest coupon of any bond of the district, the treasurer shall pay it from the bond interest fund. (Added by Stats. 1943, Ch. 372.)
  27. 24503.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Principal or interest on bonds must be paid from the special fund or sinking fund if payable from that fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24503. If the principal or interest of any bonds is payable from any special or sinking fund, it shall be payable from that fund. (Added by Stats. 1943, Ch. 372.)
  28. 24504.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If a fund lacks money to pay a matured bond or interest coupon, the unpaid amount accrues interest at the annual adjusted rate set by the Franchise Tax Board.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24504. If money is not available in the fund designated for the payment of any matured bond or interest coupon, it shall draw interest at the annual adjusted rate established by the Franchise Tax Board, as provided in Section 19269 of the Revenue and Taxation Code, from the date of its presentation for payment until notice is given that funds are available for its payment. (Amended by Stats. 1985, Ch. 771, Sec. 7.)
  29. 24504.1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If the designated payment fund lacks money, unpaid matured bonds or interest coupons continue to earn interest at the bond’s rate until notice that funds are available.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24504.1. In the case of any district described in Section 20560.1 with respect to construction bonds issued for purposes of financing the works described in that section, if money is not available in the fund designated for the payment of any matured bond or interest coupon of the district payable solely from revenues, it shall draw interest at the rate borne by the bond or interest coupon from the date of its presentation for payment until notice is given that funds are available for its payment. (Added by Stats. 1983, Ch. 871, Sec. 3.)
  30. 24505.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If a bond is presented and not paid, it must be stamped and arrangements must be made for payment.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24505. A bond presented but not paid shall be stamped and provision made for its payment as in the case of a warrant payable on demand for the payment of which funds are not available on its presentation. (Added by Stats. 1943, Ch. 372.)
  31. 24506.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The district may use surplus money in a fund to buy some of its outstanding bonds that are not yet due.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24506. Whenever there is in any fund of the district money in excess of that required for the purposes of the fund up to the time when any part of the next annual assessment levied or to be levied in the district will become delinquent, the district may purchase with this surplus money or any part of it any of its outstanding bonds not yet due. (Added by Stats. 1943, Ch. 372.)
  32. 24507.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Bonds purchased under this section may be canceled or held as district assets until the board decides it is best for the district to sell them; any bond not resold before maturity must be canceled.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment and Purchase of Bonds [24500 - 24507] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24507. Bonds so purchased may be canceled or held as a part of the district assets until the board determines that it is for the best interests of the district that the bonds or any of them be sold. Bonds not resold prior to the date of their maturity shall be canceled. (Added by Stats. 1943, Ch. 372.)
  33. 24510.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2.5. Distribution District Funds [24510 - 24513] ( Article 2.5 added by Stats. 1949, Ch. 169. )

    Verify source ↗

    A distribution district may pay only from specified water-service proceeds and charges.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2.5. Distribution District Funds [24510 - 24513] ( Article 2.5 added by Stats. 1949, Ch. 169. ) ## 24510. Payments on behalf of a distribution district shall be made only out of the proceeds and charges for the use of water or other service levied or fixed and collected for the purpose of meeting the requirements of a contract between the distribution district and the United States executed under the federal reclamation laws, and for repayment to the district for expenses necessarily incurred by it in connection with the formation of the distribution district. (Added by Stats. 1949, Ch. 169.)
  34. 24511.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2.5. Distribution District Funds [24510 - 24513] ( Article 2.5 added by Stats. 1949, Ch. 169. )

    Verify source ↗

    Distribution district warrants may be used only to make payments needed to carry out a contract with the United States under federal reclamation laws.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2.5. Distribution District Funds [24510 - 24513] ( Article 2.5 added by Stats. 1949, Ch. 169. ) ## 24511. Distribution district warrants shall be used solely for making payments which may be required to carry out the requirements of a contract between a distribution district and the United States, executed under the provisions of the federal reclamation laws. (Added by Stats. 1949, Ch. 169.)
  35. 24512.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2.5. Distribution District Funds [24510 - 24513] ( Article 2.5 added by Stats. 1949, Ch. 169. )

    Verify source ↗

    If distribution district assessment or charge proceeds exceed what is needed, the excess may be kept in a proper fund for district operations or moved to the district’s general fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2.5. Distribution District Funds [24510 - 24513] ( Article 2.5 added by Stats. 1949, Ch. 169. ) ## 24512. If the proceeds from any distribution district assessment or charge exceed the amounts necessary for the purpose for which they were levied, the excess may either be held in a proper fund to be used for the operation of the distribution district or be transferred to the general fund of the district to be used as the board deems proper for the benefit of the land in the distribution district. (Added by Stats. 1949, Ch. 169.)
  36. 24513.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2.5. Distribution District Funds [24510 - 24513] ( Article 2.5 added by Stats. 1949, Ch. 169. )

    Verify source ↗

    Receipts from distribution-district assessments and charges must be placed in a separate fund and used to make payments required under the district’s contract with the United States.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2.5. Distribution District Funds [24510 - 24513] ( Article 2.5 added by Stats. 1949, Ch. 169. ) ## 24513. Receipts from assessments levied and charges fixed in connection with distribution districts shall be deposited in a separate fund for the benefit of the distribution district to be used for meeting any payments which may be required in carrying out the requirements of a contract between a distribution district and the United States, executed under the provisions of the federal reclamation laws. (Added by Stats. 1949, Ch. 169.)
  37. 24525.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The cost of improvement district improvements must be paid only from assessment proceeds collected from land in the improvement district for improvement purposes.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24525. The cost of improvement district improvements shall be paid only out of the proceeds of an improvement district assessment levied upon and collected from the land in the improvement district for improvement purposes. (Added by Stats. 1943, Ch. 372.)
  38. 24526.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Improvement district warrants may be paid only from the proceeds of an improvement district assessment collected from land within the district for improvement purposes.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24526. Improvement district warrants shall be paid only out of the proceeds of an improvement district assessment levied upon and collected from the land within the improvement district for improvement purposes. (Added by Stats. 1943, Ch. 372.)
  39. 24527.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Improvement district warrants or their proceeds must be used only for the improvements the district was formed to make, plus necessary incidental expenses.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24527. Improvement district warrants or their proceeds shall be used solely for making the improvements for which the improvement district was formed and the necessary incidental expenses. (Added by Stats. 1943, Ch. 372.)
  40. 24528.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    An improvement district’s improvement costs may be paid immediately from the district’s general fund or an available special or construction fund, and the advance must later be repaid to that fund when assessments are collected or improvement district warrants are sold.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24528. The cost of the improvement for an improvement district may be paid immediately from either the general fund of the district or from any special or construction fund available, the money advanced to be returned to the fund from which taken upon the collection of assessments for the improvement district or sale of improvement district warrants. (Amended by Stats. 1947, Ch. 536.)
  41. 24529.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If an improvement district assessment brings in more than needed, the excess may be handled in one of three ways.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24529. If the proceeds from any improvement district assessment levied for improvement purposes exceeds the final amount necessary for the purposes for which it was levied, the excess may be held in a special fund to be used for the operation of the works of the improvement district, be transferred to the general fund of the district to be used as the board deems proper for the benefit of the land in the improvement district, or be distributed to the holders of title to land in the improvement district in the proportion that the respective parcels of land contributed to the total collected from the improvement district assessment, the holders of title to be conclusively determined by the district assessment book last equalized at the time the distribution is made, with unknown and fictitiously named owners being disregarded. (Amended by Stats. 1947, Ch. 536.)
  42. 24530.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Receipts from improvement-district assessments, and charges replacing those assessments, must be deposited in a separate fund for the district’s benefit and operation.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. Funds [24475 - 24530] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Improvement District Funds [24525 - 24530] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24530. Receipts from assessments levied for the operation of improvement districts and charges in lieu of the assessments, when collected, shall be deposited in a separate fund for the benefit of the improvement district to be used for its operation. (Added by Stats. 1943, Ch. 372.)
  43. 24600.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The treasurer may pay a claim only after the board allows it and only if the warrant is signed by the president and countersigned by the secretary.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24600. No claim shall be paid by the treasurer until allowed by the board, and only upon a warrant signed by the president and countersigned by the secretary. (Added by Stats. 1943, Ch. 372.)
  44. 24601.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Officers or employees who submit claims against a district for mileage, personal expenses, or money spent for the district must file them with the board on a district-furnished form.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24601. All claims against any district presented by any officer or employee for mileage, personal expenses, or for money expended by the claimant for the district shall be filed with the board upon a form furnished by the district. (Added by Stats. 1943, Ch. 372.)
  45. 24602.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Claims under Section 24601 must be itemized in detail to show specified expense information.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24602. Claims set forth in Section 24601 shall be itemized in detail to show: (a) Date of each expenditure. (b) Place where the expenditure was made. (c) Purpose for which any money claimed was expended. (d) Miles traveled and purposes of trips for which mileage is claimed. (e) Any other matters the board may require. (Added by Stats. 1943, Ch. 372.)
  46. 24603.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A person who presents a claim under Section 24601 must verify it before the secretary or another person legally authorized to administer oaths.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24603. The officer or employee presenting any claim provided for in Section 24601 shall verify it before the secretary, who is authorized to administer oaths for that purpose, or before any person authorized by law to administer oaths. (Added by Stats. 1943, Ch. 372.)
  47. 24604.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A claim verification must state that the money was actually spent or mileage was actually traveled for district duties, and that the claim is made in good faith and has not already been paid.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Payment of Claims [24600 - 24604] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24604. The verification shall state in substance all of the following: (a) The money claimed was actually expended or the mileage stated was actually traveled for the district in pursuance of the duties of the officer or employee presenting the claim. (b) The claim is presented in good faith and has not been previously paid. (Added by Stats. 1943, Ch. 372.)
  48. 24625.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If a property acquisition contract or lease requires future payments by the district, the board may order warrants to be issued for those payments.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24625. If any contract or lease for the acquisition of property provides for any future payments by the district, warrants may be issued, on order of the board, for the payments, which warrants shall be made payable at the times provided in the contract or lease. (Added by Stats. 1943, Ch. 372.)
  49. 24626.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If a particular-purpose or emergency assessment has been authorized, the board may issue warrants equal to the assessment amount, and the warrants must be payable when the board estimates they can be paid from assessment proceeds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24626. When a particular purpose or emergency assessment has been authorized, warrants in an amount equal to the amount of the assessment may be issued on order of the board to carry out the purpose for which the assessment was authorized. These warrants shall be made payable at the time or times that the board estimates that they can be paid from the proceeds of the assessment. (Added by Stats. 1943, Ch. 372.)
  50. 24627.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Registered warrants and accrued interest may be refunded by issuing new warrants payable at times fixed by the board.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24627. Any outstanding registered warrants and their accrued interest may be refunded by the issuance of warrants payable at stated times fixed by the board. These warrants may be exchanged for the registered warrants or sold for not less than their par value to provide funds for the payment of the registered warrants or any of them and their accrued interest. (Added by Stats. 1943, Ch. 372.)
  51. 24628.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The district may issue future-time warrants for certain financing purposes, and the warrants’ annual interest must be lower than the interest on the bonds or contract being paid off.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24628. Warrants payable at a future time or times may be issued in consideration of money loaned to the district for the purchase of any of its outstanding bonds or the refinancing or retiring of any outstanding contract. The annual interest payable on these warrants shall be less than the annual interest on the bonds purchased or contract refinanced or retired with the proceeds of the warrants. (Added by Stats. 1943, Ch. 372.)
  52. 24628.5.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Warrants payable at a future time or times may be issued to obtain funds or property for any lawful purpose of the district.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24628.5. Warrants payable at a future time or times may also be issued to obtain funds or property for any lawful purpose of the district. (Amended by Stats. 1991, Ch. 1226, Sec. 35.)
  53. 24629.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Warrants covered by this section must bear interest set by the board, capped at 8% per year.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  54. 24630.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Bearer coupons may be attached to future-dated warrants if they are in the form and signed as prescribed by the board.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  55. 24631.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district may issue warrants for certain early indebtedness, the board may set interest on them up to 8% per year, and the warrants must be payable by a deadline tied to the first annual assessment.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  56. 24632.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district board may agree in a warrants contract to use lease or sale proceeds from eligible property to pay future-time warrants.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  57. 24633.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Warrants payable more than five years after issuance are not valid unless a majority of voting electors authorize their issuance at an election called by the board.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  58. 24634.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Notice of the election must be given, and the election must be held and the result determined as nearly as practicable in the same way as bond elections.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  59. 24636.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must sell warrants issued under this article, and generally cannot sell them below 95% of par value.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Warrants Payable at Future Times [24625 - 24636] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  60. 24650.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    This article applies only to certain warrants.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  61. 24651.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If a district warrant is presented to the treasurer when there are no funds available, the warrant begins to bear interest until public notice says funds are available.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  62. 24652.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If warrants are presented for payment and there are not enough funds, the treasurer must endorse them with a no-funds statement, the presentation date, the interest rate, and the treasurer’s signature.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  63. 24653.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A warrant that is properly indorsed becomes a registered warrant.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24653. A warrant so indorsed is a registered warrant. (Added by Stats. 1943, Ch. 372.)
  64. 24654.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The treasurer must keep a record of each registered warrant and related details.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  65. 24655.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    When money is available to pay registered warrants, the treasurer must give notice.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  66. 24656.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The notice must say that the treasurer is ready to pay registered warrants, including warrants presented for payment before the board-fixed date.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  67. 24657.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If no newspaper is available in the district or any affected county, the treasurer must post the notice conspicuously at the district office.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  68. 24658.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Warrants named in the notice stop earning interest when the notice is first published or posted.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  69. 24659.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    When a designated warrant is presented, the treasurer must pay it and the interest due on it.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  70. 24660.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The treasurer must enter payment dates, payee names, and amounts paid in the record of registered warrants.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  71. 24661.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A court action to enforce payment of a registered warrant, or to require an assessment for it, must be started within four years after the warrant was first presented to the treasurer for payment.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  72. 24662.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district may make agreements with holders of registered warrants about payment timing, method, and fund allocation, and may waive the time for starting related actions or proceedings.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  73. 24675.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district in the covered category may borrow money through notes or other debt instruments for listed temporary financing purposes, subject to board authorization and limits on maturity, interest, and outstanding principal.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 24675. In the case of any district described in Section 20560.1, and for purposes of financing costs of maintenance and operation on a temporary basis, repair to or replacement of damage caused by, or costs incurred as a result of, fire, flood, drought, earthquake, sabotage or acts of God, or preliminary or developmental work except for preliminary or developmental work on the Tuolumne River or its tributaries above the New Don Pedro Reservoir, in connection with works or facilities described in Section 20560.1, the district may borrow money by the issuance of notes or other evidences of indebtedness payable either from the revenue of the district or from the proceeds of sale of any authorized but unissued revenue bonds of the district, as the board may determine. Authorized but unissued revenue bonds of the district which have been approved by a vote of the electorate may only be issued for those purposes authorized by the electorate. The notes or other evidences of indebtedness shall be authorized by resolution of the board and may be issued without the necessity of calling and holding an election in the district. The notes or other evidences of indebtedness authorized under this section shall mature in not to exceed seven years from their date, may be sold either at public or private sale, and shall bear interest at such rate or rates and shall be sold at such price or prices as shall result in interest costs not exceeding such limits as may be determined by the board. The interest rates may be fixed or variable and shall not exceed 17 percent per annum. All other terms and conditions of such notes or other evidences of indebtedness shall be determined in accordance with the authorizing resolution. The notes or other evidences of indebtedness may be issued as part of a tax-exempt commercial paper program or other short-term note financing program. The district may arrange for the use of bank letters of credit or bank lines of credit for any purpose for which the notes or other evidences of indebtedness may be issued, as well as to provide additional sources of repayment for the notes or other evidences of indebtedness issued under this section. The maximum principal amount of notes or other evidences of indebtedness outstanding under this section, including the amounts drawn on available bank letters of credit or bank lines of credit, shall not at any one time exceed (1) twenty-five million dollars ($25,000,000) or 25 percent of the district’s annual gross revenues from the generation, transmission, distribution, and sale of electric power during its preceding fiscal year, whichever is greater, when payable from the revenues of the district; or (2) the principal amount of any authorized but unissued revenue bonds of the district, not to exceed twenty-five million dollars ($25,000,000), when payable from the proceeds of sale of such authorized but unissued revenue bonds. The notes or other evidences of indebtedness shall be legal investments for all trust funds, for the funds of all insurance companies, commercial banks, savings banks, trust companies, the state school funds, and for any funds which may be invested in bonds of cities, cities and counties, counties, school districts, or municipalities in the state. (Added by Stats. 1982, Ch. 1641, Sec. 5.)
  74. 24675.1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A qualifying district may issue notes or other debt for electric-power facilities if voter-approved bonds already exist, but only for authorized purposes and within voter-approved amounts; the Section 24675 debt limit does not apply.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Warrants [24600 - 24675.1] ( Chapter 4 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Registration of Warrants [24650 - 24675.1] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  75. 24735.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Surrender of Bonds and Warrants [24735 - 24738] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    An owner of district bonds or warrants may surrender them to the district by giving them to the secretary for cancellation.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Surrender of Bonds and Warrants [24735 - 24738] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  76. 24736.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Surrender of Bonds and Warrants [24735 - 24738] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must order the bonds or warrants canceled.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Surrender of Bonds and Warrants [24735 - 24738] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24736. The board shall then order the bonds or warrants canceled. (Added by Stats. 1943, Ch. 372.)
  77. 24737.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Surrender of Bonds and Warrants [24735 - 24738] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    When the order is made, the district’s bonds or warrants stop being obligations of the district when they are presented to the secretary.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Surrender of Bonds and Warrants [24735 - 24738] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  78. 24738.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Surrender of Bonds and Warrants [24735 - 24738] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    This article does not limit other ways a district’s obligations may be released.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Surrender of Bonds and Warrants [24735 - 24738] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 24738. This article does not restrict any other method of releasing obligations of a district to it. (Added by Stats. 1943, Ch. 372.)
  79. 24760.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district may extend bond or warrant maturities or reduce interest by written agreement with affected holders, or by proposing a composition plan for its outstanding debt.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  80. 24761.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The interest rate in the agreement or plan must not exceed 8 percent per year.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 24761. The rate of interest specified in the agreement or plan shall not exceed 8 percent per year. (Amended by Stats. 1975, Ch. 130.)
  81. 24762.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Interest coupons must be payable on January 1 or July 1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  82. 24765.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board may call an election asking voters whether bonds or warrants should be modified under an agreement or plan.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  83. 24766.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A proposal to modify bonds or warrants is approved if a majority of the votes cast for and against it is in favor.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  84. 24767.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    An agreement or plan under this article cannot be carried out until voters approve the proposal, and a plan also cannot be carried out until all affected bond and warrant holders agree in writing or it is confirmed under federal bankruptcy law.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  85. 24768.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    When bonds or warrants covered by the agreement or plan are presented, the secretary must note the extended maturity date on them and attach signed or facsimile coupons showing semiannual interest through the new maturity date.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  86. 24769.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If an agreement or plan reduces the interest rate on bonds or warrants before maturity, new coupons must be attached and the old interest coupons must be detached and canceled by the secretary.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  87. 24770.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A presented and indorsed bond or warrant remains an obligation of the district, and it does not become due until the date stated in the agreement or plan.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  88. 24771.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    This section says the article does not change other laws about changing maturity dates for a district’s outstanding obligations, and instead offers an alternative way to extend those obligations.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 8. FINANCIAL ORGANIZATION [24250 - 24771] ( Part 8 added by Stats. 1943, Ch. 372. ) ## CHAPTER 5. Provisions Applicable to Bonds and Warrants [24735 - 24771] ( Chapter 5 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Modification of Bonds and Warrants [24760 - 24771] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  89. 24950.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Construction bonds may be authorized for certain irrigation district purposes.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  90. 24951.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must estimate how much money needs to be raised for construction bonds at specified times.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  91. 24952.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must arrange for surveys, examinations, and drawings to support estimating how much money needs to be raised.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  92. 24953.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The surveys, examinations, and drawings must be made under the direction of a competent engineer and certified by him.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 24953. The surveys, examinations, and drawings shall be made under the direction of a competent engineer and shall be certified by him. (Added by Stats. 1943, Ch. 372.)
  93. 24954.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The surveys, examinations, drawings, and estimate may state that the necessary works for a completed project can be built in stages over a period of years.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 24954. The surveys, examinations, drawings, and estimate may provide that the works necessary for a completed project shall be constructed progressively during a period of years. (Added by Stats. 1943, Ch. 372.)
  94. 24955.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The estimate may include money for bond interest, and if the bonds are payable only from revenues, it may also include money for a revenue bond reserve fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  95. 24955.1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    For certain districts, the estimate for construction bonds may include enough to pay bond interest for up to 10 years.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  96. 24956.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The estimate must include the estimated cost of inspection required by law for the works under construction.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 24956. The estimate shall include the estimated cost of inspection required by law of works in course of construction. (Added by Stats. 1943, Ch. 372.)
  97. 24963.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If the board finds the project plan satisfactory and feasible, it must adopt an order setting the bond amount. Construction bonds may be issued only if a bond election authorizes them.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Construction Bonds [24950 - 24963] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  98. 25.

    ## Water Code - WAT ## GENERAL PROVISIONS ( General Provisions enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    This section defines “Board” to mean the State Water Resources Control Board unless the text says otherwise.

    ## Water Code - WAT ## GENERAL PROVISIONS ( General Provisions enacted by Stats. 1943, Ch. 368. ) ## 25. “Board,” unless otherwise specified, means the State Water Resources Control Board. (Added by Stats. 1967, Ch. 284.)
  99. 250.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 2.5. Miscellaneous Powers of Department [205 - 347] ( Heading of Chapter 2.5 added by Stats. 1956, 1st Ex. Sess., Ch. 52. ) ## ARTICLE 2.5. Acquisition and Disposal of Property [250 - 260] ( Article 2.5 added by Stats. 1957, Ch. 2104. )

    Verify source ↗

    The department may use eminent domain to acquire property needed for state water and dam purposes, but it may not start the proceeding unless the project is authorized and funds are available.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 2.5. Miscellaneous Powers of Department [205 - 347] ( Heading of Chapter 2.5 added by Stats. 1956, 1st Ex. Sess., Ch. 52. ) ## ARTICLE 2.5. Acquisition and Disposal of Property [250 - 260] ( Article 2.5 added by Stats. 1957, Ch. 2104. ) ## 250. In the name of the people of the State of California, the department may acquire by eminent domain any property necessary for state water and dam purposes. The department shall not commence any such proceeding in eminent domain unless the project for which the property is being acquired has been authorized and funds are available therefor. (Amended by Stats. 1975, Ch. 1239.)
  100. 2500.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    This section defines “stream system” for this chapter.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. ) ## 2500. 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, Ch. 368.)
  101. 2500.5.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    This section defines “stream system” for the Scott River area to include interconnected groundwater supplies, but not other underground water supplies.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. ) ## 2500.5. (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 reason of the geology and hydrology of the Scott River, it is necessary to include interconnected ground waters in any determination of the rights to the water of the Scott River as a foundation for a fair and effective judgment of such rights, and that it is necessary that the provisions of this section apply to the Scott River only. (c) If this section is for any reason held to be unconstitutional, such decision shall not affect the validity of the remaining portions of this chapter, or of any proceedings thereunder, but shall affect only the validity of the proceedings with respect to such interconnected ground water supplies. (Added by Stats. 1971, Ch. 794.)
  102. 2501.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    The board may determine all rights to water of a stream system in the chapter’s proceedings.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. ) ## 2501. 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.)
  103. 2502.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    The board may exempt people using only minor quantities of water from being claimants or parties in these proceedings, if that use would not materially affect other claimants’ rights.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. ) ## 2502. 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 claimants or parties with respect to such minor quantities of water; provided, that any person so exempted may elect to continue to be subject to these proceedings by giving prompt notice to the board. (Added by Stats. 1971, Ch. 794.)
  104. 2503.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    This section defines “minor quantities of water” as a person’s diversion or extraction of no more than 10 acre-feet per year.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 1. General Provisions [2500 - 2503] ( Article 1 enacted by Stats. 1943, Ch. 368. ) ## 2503. 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.)
  105. 25035.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Any district may issue refunding bonds to refinance some or all of its outstanding bonds and warrants.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  106. 25035.5.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A qualifying district may issue refunding bonds without an election if the refinancing reduces total remaining interest and principal payments, but bond proceeds must be used only for authorized refunding purposes.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  107. 25038.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must call an election to authorize the issuance of refunding bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  108. 25039.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Refunding bonds may be authorized by majority vote, and the election must be noticed, held, determined, and declared in the same general manner as a bond election.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  109. 25040.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board may decide whether any refunding bond issue matures serially or all at once.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  110. 25041.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must fix the maturities of refunding bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. General Refunding Provisions [25035 - 25041] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25041. The maturities of refunding bonds shall be fixed by the board. (Amended by Stats. 1991, Ch. 1226, Sec. 50.)
  111. 25060.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If refunding bonds are issued to mature at one time, the board must create and fund a sinking fund for paying the bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  112. 25061.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board may modify the amount of sinking fund payments from time to time.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  113. 25062.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If the sinking fund has at least $10,000, the board may publish a redemption notice.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  114. 25063.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The notice must state the amount available for redeeming the bonds, invite sealed proposals to sell outstanding refunding bonds to the district, and give the time and place for opening proposals.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  115. 25064.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must open all proposals received in response to the notice in open meeting, at the time stated in the notice or at an adjourned time.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  116. 25065.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board may reject any or all proposals.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 25065. Any or all of the proposals may, in the discretion of the board, be rejected. (Added by Stats. 1943, Ch. 372.)
  117. 25066.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If there are no bids, or the bids accepted do not use up the available sinking fund money, the district’s board may buy eligible bonds at private sale using money in the sinking fund.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  118. 25067.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A proposal to sell bonds to the district under this article cannot be accepted if the price is above par value.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  119. 25068.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Bonds bought with sinking fund money must be canceled immediately.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Refunding Bond Sinking Fund [25060 - 25068] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 25068. All bonds purchased from sinking fund money shall be forthwith canceled. (Added by Stats. 1943, Ch. 372.)
  120. 25091.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Authorized Refunding Modification [25091 - 25092] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must call an election to authorize modification of a refunding plan.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Authorized Refunding Modification [25091 - 25092] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  121. 25092.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Authorized Refunding Modification [25091 - 25092] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The election notice, conduct, and declaration of results must follow the same process as a bond election, but approval of the modification requires only a majority vote.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Authorized Refunding Modification [25091 - 25092] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  122. 25110.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    This article applies only to refunding plans adopted before January 31, 1939 that had no modification provisions.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  123. 25111.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Refunding plan terms and outstanding refunding bonds may be modified only if the article’s approval process is followed and both the district and affected bondholders approve.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  124. 25112.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district’s modification must be approved by its board by resolution and by its voters at an election called by the board.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  125. 25113.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Notice of the election must be given, and the election must be held like a bond election; approval of the modification needs only a majority vote.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  126. 25115.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Approval of a modification to affected outstanding refunding bonds must be shown either by written consent of all bond owners and holders or by a binding federal bankruptcy order.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  127. 25116.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If the modification is approved as required, the district may avoid issuing new refunding bonds and coupons and instead indorse the modification terms on the affected outstanding bonds and coupons or refer to those terms.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  128. 25117.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If a refunding plan extends bond maturity, the district may, instead of issuing new refunding bonds, mark the bonds with the new maturity date and add new interest coupons.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  129. 25118.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Refunding bonds whose terms have been modified remain binding outstanding district bonds and negotiable instruments, and must be paid under their terms and the modification.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  130. 25119.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A refunding plan may be written to allow later changes if holders of the affected refunding bonds consent at the required percentage.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 2. Refunding Bonds [25035 - 25119] ( Chapter 2 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Unauthorized Refunding Modification [25110 - 25119] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  131. 252.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 2.5. Miscellaneous Powers of Department [205 - 347] ( Heading of Chapter 2.5 added by Stats. 1956, 1st Ex. Sess., Ch. 52. ) ## ARTICLE 2.5. Acquisition and Disposal of Property [250 - 260] ( Article 2.5 added by Stats. 1957, Ch. 2104. )

    Verify source ↗

    The department may acquire real property, including property dedicated to park purposes, subject to specified Civil Procedure Code sections.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 2.5. Miscellaneous Powers of Department [205 - 347] ( Heading of Chapter 2.5 added by Stats. 1956, 1st Ex. Sess., Ch. 52. ) ## ARTICLE 2.5. Acquisition and Disposal of Property [250 - 260] ( Article 2.5 added by Stats. 1957, Ch. 2104. ) ## 252. Subject to Sections 1240.670 and 1240.680 of the Code of Civil Procedure, the real property which the department may acquire by eminent domain, or otherwise, includes any property dedicated to park purposes, however it may have been dedicated. (Amended by Stats. 1975, Ch. 1239.)
  132. 25200.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    In this chapter, “bonds” includes both construction and refunding bonds unless the chapter expressly provides otherwise.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25200. As used in this chapter “bonds” includes both construction and refunding bonds except as otherwise expressly provided. (Added by Stats. 1943, Ch. 372.)
  133. 25201.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must prescribe the form of district bonds and their attached interest coupons, subject to this article.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  134. 25202.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    An issue of bonds means all bonds issued under one proposal approved at an election.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25202. 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.)
  135. 25203.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Bond issues must be numbered consecutively, and the bonds within each issue must also be numbered consecutively.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25203. 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.)
  136. 25204.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must set the date for each bond issue and may split an issue into two or more divisions with different bond dates.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  137. 25205.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A bond’s date must be after the election authorizing its issuance and before the bond is delivered to a purchaser from the district.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  138. 25206.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A bond’s issue date is treated as the date printed on the bond itself.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25206. 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.)
  139. 25207.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must set the denomination or denominations of the bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25207. The board shall fix the denomination or denominations of the bonds. (Amended by Stats. 1963, Ch. 736.)
  140. 25208.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Bond interest must stay within the stated limits, with a higher cap available if the board makes the specified federal-tax determination before issuance.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  141. 25208.1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The Board of Directors of the Solano Irrigation District may set bond interest rates up to 18% a year if it determines before issuance that the interest will be subject to federal income tax.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  142. 25209.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Interest must be paid twice a year, on January 1 and July 1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25209. 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.)
  143. 25209.1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    For certain irrigation districts, interest on qualifying revenue bonds must be paid at least twice a year on board-designated dates.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  144. 25210.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must designate where the bonds and their interest will be payable.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25210. The board shall designate the places at which the bonds and the interest thereon shall be payable. (Added by Stats. 1943, Ch. 372.)
  145. 25211.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The bonds must be payable in lawful money of the United States.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25211. The bonds shall be payable in lawful money of the United States. (Added by Stats. 1943, Ch. 372.)
  146. 25212.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Each bond must be payable at a set time for its full face value, not as a percentage.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25212. 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.)
  147. 25213.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The principal on bonds must be payable on either January 1 or July 1 in the years the board designates.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  148. 25213.1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    For certain district revenue bonds financing electric power works, principal payments (except optional redemptions) must be paid on the interest-payment dates designated by the board.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  149. 25214.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A bond’s maturity may not exceed 50 years from the bond’s date.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25214. In no case shall the maturity of any bond be more than 50 years from its date. (Added by Stats. 1943, Ch. 372.)
  150. 25215.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If bonds are made callable, the bond must state that on its face.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25215. 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.)
  151. 25216.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Each bond must be signed by the president and secretary then in office before it is delivered to a purchaser from the district.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  152. 25217.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The district must impress its seal on each bond.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25217. The seal of the district shall be impressed on each bond. (Added by Stats. 1943, Ch. 372.)
  153. 25218.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Interest coupons must be signed by the secretary in office before the bond is delivered to a purchaser, and the secretary’s signature may be a facsimile.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  154. 25219.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Bond principal and interest must be paid from annual land assessments or substitute charges, unless the bond proceedings provide otherwise.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Bond Terms [25200 - 25219] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 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.)
  155. 25240.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    This article defines “revenue” for Articles 2 and 3 of the chapter.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  156. 25242.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If bonds’ principal is payable only from revenue, the board must put a brief statement of the payment limitations in the bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  157. 25243.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If limitations affect bond interest payments, a brief statement of those limitations must be included in the interest coupons and in the related bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  158. 25244.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If limitations affect only part of the interest on bonds, the board may use either one coupon with a statement about the limited portion or separate coupons for limited and unlimited portions.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  159. 25245.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If a board says bonds are payable only from designated revenue, the district and its officers are not liable for payment otherwise.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 2. Payment Solely from Revenue [25240 - 25245] ( Article 2 added by Stats. 1943, Ch. 372. ) ## 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.)
  160. 2525.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    If a petition is signed by one or more claimants to water of a stream system, the board must grant it and arrange to proceed only if it finds, after investigation, that doing so serves the public interest and necessity.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. ) ## 2525. Upon petition signed by one or more claimants to water of any stream system, requesting the determination of the rights of the various claimants to the water of that stream system, the board shall, if, upon investigation, it finds the facts and conditions are such that the public interest and necessity will be served by a determination of the water rights involved, enter an order granting the petition and make proper arrangements to proceed with the determination. (Amended by Stats. 1957, Ch. 1932.)
  161. 2526.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    After granting the petition, the board must issue a notice, and claimants to water rights must respond within the stated time limits.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. ) ## 2526. As soon as practicable after granting the petition the board shall prepare and issue a notice setting forth the following: (a) The facts of the entry of the order and of the pendency of the proceedings; (b) That all claimants to rights to the use of water of the stream system are required to inform the board within 60 days from the date of the notice, or such further time as the board may allow, of their intention to file proof of claim; (c) The date prior to which all claimants to rights to the water of the stream system shall notify the board in writing of their intention to file proof of claim and the address to which all subsequent notices to the claimant relating to the proceedings may be sent; (d) A statement that all claimants will be required to make proof of their claims at a time to be fixed by the board after the conclusion of its investigation. (Amended by Stats. 1976, Ch. 545.)
  162. 25260.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board may allocate designated revenue to pay all or part of the principal, interest, or both on any bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  163. 25261.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Revenue may be allocated to pay bonds, including principal and interest, or used as additional security for certain bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  164. 25262.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Allocated revenue must be used only to pay the obligation named in the allocating resolution, while the related bonds remain unpaid or unretired.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  165. 25263.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The district board may allocate bond revenues for the exclusive benefit of specified bond issues or portions of issues, or for other bonds of the district in its discretion.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  166. 25264.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    An allocation of revenue must stay irrevocable until the related bonds and their appurtenant coupons have been paid or retired.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 3. Allocation of Revenue to Bond Payment [25260 - 25264] ( Article 3 added by Stats. 1943, Ch. 372. ) ## 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.)
  167. 2527.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    The notice must be published weekly for four consecutive weeks and mailed to specified persons within 20 days of issuance.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. ) ## 2527. The notice shall be published at least once a week for four consecutive weeks, commencing within 20 days of the date of issuance of the notice, in one or more newspapers of general circulation published in each county in which any part of the stream system is situated, and, within the same 20-day period, the notice shall be mailed to all persons known to the board who own land that appears to be riparian to the stream system or who divert water from the stream system. (Amended by Stats. 1976, Ch. 545.)
  168. 2528.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    When water-right proceedings begin, interested claimants who have notice must tell the board they intend to file a proof of claim and must appear and submit proof as required by the chapter.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. ) ## 2528. Whenever proceedings are instituted for the determination of rights to water, it is the duty of all claimants interested therein and having notice thereof as provided in this chapter, to notify the board of their intention to file proof of claim and to appear and submit proof of their respective claims at the time and in the manner required by this chapter. (Amended by Stats. 1965, Ch. 53.)
  169. 25280.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Allocation of Revenue to Reserve Fund [25280- 25280.] ( Article 4 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district’s board may order revenue to be irrevocably placed into a reserve fund for paying bond interest or principal.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 4. Allocation of Revenue to Reserve Fund [25280- 25280.] ( Article 4 added by Stats. 1943, Ch. 372. ) ## 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.)
  170. 2529.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. )

    Verify source ↗

    The board must file a notice within 60 days and update it if additional parcels are later identified.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 2. Petition and Preliminary Proceedings [2525 - 2529] ( Article 2 enacted by Stats. 1943, Ch. 368. ) ## 2529. (a) Within 60 days after the date by which claimants to rights to the water of the stream system are required to notify the board in writing of their intention to file proof of claim, the board shall prepare and file for record, in the office of the county recorder of each county in which any part of the stream system is situated, a notice setting forth all of the following facts: (1) The order has been entered and the proceedings are pending. (2) Information regarding the status of the proceedings may be obtained from the board. (3) The proceedings will result in a determination of the rights to water of the stream system. (4) Any claimant who fails to appear and submit proof of his or her claim as provided in this chapter shall be held to have forfeited all rights to water previously claimed by him or her on the stream system, other than as provided in the decree, unless entitled to relief under the laws of this state. (5) At the conclusion of the proceedings, the superior court will enter a decree determining the water rights appurtenant to each parcel identified in the notice, including the specific parcel against which this notice appears, and the decree may accord the claimant for that parcel water rights which are different from those he or she has claimed. (b) The notice shall identify the current owners of each parcel that appears to be riparian to the stream system or to which water is diverted from the stream, and shall be recorded in a manner so that anyone researching the title of a parcel will find the notice. (c) If the board subsequently identifies an additional parcel or parcels which appear to be riparian to the stream system or to which water is diverted from the stream, the board shall prepare and file for record a supplementary notice identifying the current owners of the additional parcels. The supplementary notice shall be recorded in the same manner as the original notice. (Added by Stats. 1984, Ch. 1654, Sec. 1.)
  171. 253.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 2.5. Miscellaneous Powers of Department [205 - 347] ( Heading of Chapter 2.5 added by Stats. 1956, 1st Ex. Sess., Ch. 52. ) ## ARTICLE 2.5. Acquisition and Disposal of Property [250 - 260] ( Article 2.5 added by Stats. 1957, Ch. 2104. )

    Verify source ↗

    The department may acquire real property, including lesser interests, when it considers the property necessary for state water and dam purposes.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 2.5. Miscellaneous Powers of Department [205 - 347] ( Heading of Chapter 2.5 added by Stats. 1956, 1st Ex. Sess., Ch. 52. ) ## ARTICLE 2.5. Acquisition and Disposal of Property [250 - 260] ( Article 2.5 added by Stats. 1957, Ch. 2104. ) ## 253. The department may acquire, either in fee or in any lesser estate or interest, any real property which it considers necessary for state water and dam purposes. Real property for such purposes includes, but is not limited to, real property considered necessary for any of the following purposes: (a) For rights of way. (b) For the purposes of exchanging the same for other real property to be used for rights of way. (c) For rock quarries, gravel pits, or sand or earth borrow pits. (d) For offices, shops, or storage yards. (e) For parks adjoining or near any state dam or water facility. (f) For the culture and support of trees which benefit any state dam or water facility by aiding in the maintenance and preservation of the facility. (g) For drainage in connection with any state dam or water facility. (Added by Stats. 1957, Ch. 2104.)
  172. 25300.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district may authorize bonds to be called and redeemed before maturity if its board adopts a resolution on time.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. ) ## 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.)
  173. 25301.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Callable bonds may be redeemed using the methods listed in this section.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. ) ## 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.)
  174. 25302.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A notice naming the bonds called for redemption must be published once a week for three consecutive weeks in a newspaper of general circulation printed and published in the office county.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. ) ## 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.)
  175. 25303.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The first publication of the redemption notice must be made 30 to 90 days before the redemption date.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. ) ## 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.)
  176. 25304.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If the district has set aside funds to pay the principal and interest of called bonds on the redemption date, interest on those bonds stops.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 5. Callable Bonds [25300 - 25304] ( Article 5 added by Stats. 1943, Ch. 372. ) ## 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.)
  177. 25325.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district may sell bonds when needed and most advantageous to raise money for authorized purposes.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 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.)
  178. 25326.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Before any bond sale, the board must adopt a resolution on its minutes stating that it intends to sell a specified amount of bonds and setting the sale’s day, hour, and place.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 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.)
  179. 25327.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board must publish notice of the sale for at least three weeks in a newspaper in the office county, and it may also use other newspapers.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 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.)
  180. 25328.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The notice must say that sealed bids for the bonds will be received by the board at the district office until the day and hour stated in the resolution.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 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.)
  181. 25329.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    At the specified time, the board must open the proposals and award the bond purchase, or part of it, to the highest responsible bidder or bidders.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 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.)
  182. 25330.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A bid proposal may be accepted only if it includes a certified check set at a reasonable percentage of the bid, and that percentage cannot be less than 2%.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 25330. No proposal shall be accepted which is not accompanied by a certified check for a reasonable percentage of the amount of the bid as determined by the board, but in no event less than two per cent, to apply on the purchase price of the bonds. The amount of the check shall be forfeited if after the acceptance of his proposal the bidder refuses to complete his purchase on the terms stated in his proposal. (Added by Stats. 1943, Ch. 372.)
  183. 25330.1.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    For certain irrigation-district construction bonds, the board must publish sale notice at least five days before sale and follow specified bid-handling rules.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 25330.1. 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, notwithstanding Section 25327, the board shall give notice of sale of any bonds payable solely from revenue which are to be sold at public sale by publication in a newspaper of general circulation in the county not less than five days prior to the date of sale in the manner as the board may prescribe. Notwithstanding Section 25328, the notice shall state that sealed bids for the purchase of the bonds will be received at the place specified for that receipt, which need not be at the district office, until the day and hour specified by the board. Notwithstanding Section 25329, at the time specified, the bids for the bonds shall be opened by the board or, if so determined by the board, shall be opened by an authorized member or officer of the board and referred to the board. Notwithstanding Section 25330, a bid for the bonds need not be accompanied by a certified check for at least 2 percent of the amount of the bid if so determined by the board of the district, but no bid shall be accepted which is not accompanied by a certified or cashier’s check for at least 1 percent of the amount of the bid as determined by the board. (Amended by Stats. 1992, Ch. 1020, Sec. 22. Effective January 1, 1993.)
  184. 25331.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board may reject any or all bids.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 25331. The board may reject any or all bids. (Added by Stats. 1943, Ch. 372.)
  185. 25332.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    If no award is made, the board may readvertise the bonds or sell them at private sale.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 25332. In case no award is made, the board thereafter may either readvertise the bonds or any part of them for sale or sell them at private sale. (Added by Stats. 1943, Ch. 372.)
  186. 25333.5.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    For certain irrigation district bonds, the board may decide by resolution to sell revenue bonds by negotiated sale, if that is in the district’s best interest.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 25333.5. 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 or bonds issued to refund those bonds, notwithstanding any other provision of this division, the board may determine by resolution entered upon the minutes that a negotiated sale of any bonds of the district payable solely from revenue will be in the best interest of the district, in which case the bonds may be sold at a negotiated sale on terms as may be approved by the board. (Amended by Stats. 1992, Ch. 1020, Sec. 23. Effective January 1, 1993.)
  187. 25334.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    A district may exchange its construction bonds for certain property, interests in property, or corporate stock, on terms the board considers best.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 25334. A district may exchange its construction bonds for any property or interest in property which the district might acquire with the proceeds of the bonds, if sold, or for the capital stock of any corporation owning the property, upon terms the board deems best. (Added by Stats. 1943, Ch. 372.)
  188. 25335.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    Refunding bonds may be sold in the same way as other district bonds or exchanged for other district bonds or warrants if the commission approves the terms.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 25335. Any refunding bonds may be either: (a) Sold from time to time in the same manner as other bonds of the district. (b) Exchanged for other bonds or warrants of the district upon terms approved by the commission. (Amended by Stats. 1943, Ch. 684.)
  189. 25336.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The treasurer must immediately cancel any outstanding bonds that are refunded or exchanged.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 6. Bond Issuance [25325 - 25336] ( Article 6 added by Stats. 1943, Ch. 372. ) ## 25336. Any outstanding bonds refunded or exchanged shall be immediately canceled by the treasurer. (Added by Stats. 1943, Ch. 372.)
  190. 25350.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. )

    Verify source ↗

    The board may cancel unissued district bonds, and their coupons, if the bonds have remained unissued for more than one year after the election that authorized them, by a two-thirds board resolution.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. ) ## 25350. Whenever the whole or any portion of any issue of bonds of any district remains unissued for more than one year after the date of the election at which the bonds were authorized, the board, by a resolution adopted by a two-thirds vote of the membership of the board, may cancel all or any of those bonds and all coupons appurtenant to them. (Added by Stats. 1943, Ch. 372.)
  191. 25351.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. )

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    If a resolution to cancel bonds is offered, the board must postpone consideration until a later date it sets after final publication of the resolution.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. ) ## 25351. Whenever a resolution to cancel bonds is offered, its consideration shall be postponed to a date fixed by the board which is subsequent to final publication of the resolution. (Added by Stats. 1943, Ch. 372.)
  192. 25352.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. )

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    The resolution and notice must be published once a week for at least two successive weeks in a newspaper published in the office county.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. ) ## 25352. The resolution together with a notice stating the time fixed by the board for the consideration of the resolution shall be published once a week for at least two successive weeks in a newspaper published in the office county. (Added by Stats. 1943. Ch. 372.)
  193. 25353.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. )

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    After a resolution to cancel bonds is adopted, no other bonds may be issued under the proceedings for the canceled bonds.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. ) ## 25353. After the adoption of a resolution to cancel bonds no other bonds shall be issued in pursuance of the proceedings taken in relation to the issuance of the bonds so canceled. (Added by Stats. 1943, Ch. 372.)
  194. 25354.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. )

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    Canceled bonds and coupons must be destroyed under the board’s direction.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 3. General Bond Provisions [25200 - 25354] ( Chapter 3 added by Stats. 1943, Ch. 372. ) ## ARTICLE 7. Bond Cancellation [25350 - 25354] ( Article 7 added by Stats. 1943, Ch. 372. ) ## 25354. Any bonds and coupons so canceled shall be destroyed under the direction of the board. (Added by Stats. 1943, Ch. 372.)
  195. 25400.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Issuance of Bonds Pursuant to the Revenue Bond Law of 1941 [25400 - 25402] ( Chapter 4 added by Stats. 1957, Ch. 2089. )

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    An irrigation district may issue revenue bonds, including refunding revenue bonds, but only within the limits of this chapter and under the Revenue Bond Law of 1941.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Issuance of Bonds Pursuant to the Revenue Bond Law of 1941 [25400 - 25402] ( Chapter 4 added by Stats. 1957, Ch. 2089. ) ## 25400. Subject to the limitations of this chapter, revenue bonds, including refunding revenue bonds, may be issued by an irrigation district under and pursuant to the Revenue Bond Law of 1941, Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5 of the Government Code. (Amended by Stats. 1982, Ch. 454, Sec. 186.)
  196. 25401.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Issuance of Bonds Pursuant to the Revenue Bond Law of 1941 [25400 - 25402] ( Chapter 4 added by Stats. 1957, Ch. 2089. )

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    This section gives an alternative authority and procedure for the subject it covers, and says other related laws are not affected.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Issuance of Bonds Pursuant to the Revenue Bond Law of 1941 [25400 - 25402] ( Chapter 4 added by Stats. 1957, Ch. 2089. ) ## 25401. This chapter provides an alternative authority and procedure for the subject to which it relates but does not affect any other law relating to the same or a similar subject. When proceeding under this chapter, its provisions only need be followed. (Added by Stats. 1957, Ch. 2089.)
  197. 25402.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Issuance of Bonds Pursuant to the Revenue Bond Law of 1941 [25400 - 25402] ( Chapter 4 added by Stats. 1957, Ch. 2089. )

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    This section limits what “enterprise” means for this chapter and excludes certain electric-power works or property.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 9. BONDS [24950 - 25402] ( Part 9 added by Stats. 1943, Ch. 372. ) ## CHAPTER 4. Issuance of Bonds Pursuant to the Revenue Bond Law of 1941 [25400 - 25402] ( Chapter 4 added by Stats. 1957, Ch. 2089. ) ## 25402. For the purposes of this chapter, the term “enterprise,” as used in the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5 of the Government Code), shall be limited to and shall include only those works or property authorized to be acquired, constructed, improved, or financed by an irrigation district pursuant to this division, but shall not include any of the following: (a) Works or property for the distribution of electric energy for lighting, heating, and power for public or private uses. (b) Works or property already employed in the generation, production, transmission, distribution, sale, or lease of power for public utility purposes, except where the acquisition of those works or property is by mutual agreement between the district and the owner of the property. (Amended by Stats. 1981, Ch. 477, Sec. 1.)
  198. 2550.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 3. Investigation of Stream System [2550 - 2556] ( Article 3 repealed and added by Stats. 1976, Ch. 545. )

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    After a petition is granted, the board must start an investigation of the stream system and collect other information needed to determine water rights.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 3. DETERMINATION OF WATER RIGHTS [2000 - 2900] ( Part 3 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 3. Statutory Adjudications [2500 - 2868] ( Chapter 3 enacted by Stats. 1943, Ch. 368. ) ## ARTICLE 3. Investigation of Stream System [2550 - 2556] ( Article 3 repealed and added by Stats. 1976, Ch. 545. ) ## 2550. As soon as practicable after granting the petition, the board shall begin an investigation of the stream system, of the diversion of water, of all beneficial uses being made of the water, and of the water supply available for those uses, and shall gather such other data and information as may be essential to the proper determination of the water rights in the stream system. (Repealed and added by Stats. 1976, Ch. 545.)
  199. 25500.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 10. ASSESSMENTS [25500 - 26677] ( Part 10 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Assessment [25500 - 25559] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Assessment Book [25500 - 25509] ( Article 1 added by Stats. 1943, Ch. 372. )

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    For this part, “land” includes city and town lots, but not improvements.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 10. ASSESSMENTS [25500 - 26677] ( Part 10 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Assessment [25500 - 25559] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Assessment Book [25500 - 25509] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25500. As used in this part “land” includes city and town lots and excepts improvements. (Added by Stats. 1943, Ch. 372.)
  200. 25501.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 10. ASSESSMENTS [25500 - 26677] ( Part 10 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Assessment [25500 - 25559] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Assessment Book [25500 - 25509] ( Article 1 added by Stats. 1943, Ch. 372. )

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    In this part, “improvements” includes trees, vines, alfalfa, all growing crops, and all buildings and structures.

    ## Water Code - WAT ## DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978] ( Division 11 added by Stats. 1943, Ch. 372. ) ## PART 10. ASSESSMENTS [25500 - 26677] ( Part 10 added by Stats. 1943, Ch. 372. ) ## CHAPTER 1. Assessment [25500 - 25559] ( Chapter 1 added by Stats. 1943, Ch. 372. ) ## ARTICLE 1. Assessment Book [25500 - 25509] ( Article 1 added by Stats. 1943, Ch. 372. ) ## 25501. As used in this part “improvements” includes trees, vines, alfalfa, all growing crops, and all buildings and structures. (Added by Stats. 1943, Ch. 372.)

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