Water Code — Part 33 | WAT — United States — California law | Esheria

Water Code

Part 33 of 51 · provisions 6,401–6,600

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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. 51830.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. )

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    If a called assessment payment is no longer needed because the bonds were refunded, canceled, or 90% of bondholders agreed to a refunding or cancellation plan, the board must cancel the call by resolution to the extent it is not required.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 51830. If an installment of any assessment has been called to pay the principal, interest, or principal and interest on any outstanding bonds secured by the assessment, and any of the bonds of such maturity have been refunded, or canceled, or not less than 90 percent of the bondholders have entered into and executed a plan for refunding the bonds or for the surrender and cancellation thereof, and by reason of any such facts the payment of the principal of such maturity of such outstanding bonds for which the call, in part or wholly, was levied is not required, the board shall, by resolution, cancel the call to the extent not required. (Added by Stats. 1951, Ch. 336.)
  2. 51831.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. )

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    A certified copy of the resolution must be filed with the county treasurer, who must make the record entry showing the call was cancelled.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 51831. A certified copy of the resolution shall be filed in the office of the county treasurer, and the county treasurer shall make the necessary entry in the records of his office to evidence the cancellation of the call. (Added by Stats. 1951, Ch. 336.)
  3. 51832.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. )

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    Cancelling a call under this article does not reduce the assessment on any parcel.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 51832. The cancellation of any call pursuant to this article shall not be construed as reducing the assessment against any parcel. (Added by Stats. 1951, Ch. 336.)
  4. 51833.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. )

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    If a landowner already paid a canceled call, the county treasurer must refund the unused amount on demand, or hold it as a credit for future assessment calls if no demand is made.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 51833. If any landowner has paid the whole or any part of the call so canceled, the county treasurer, upon demand of such landowner, shall refund to him the portion of the amount paid which is not so required, or, if no demand is made, shall hold that portion as a credit to the landowner on future calls against his land under the assessment. (Added by Stats. 1951, Ch. 336.)
  5. 51834.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. )

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    This article applies to certain bonds, delinquency sales, and parcels purchased by a county treasurer as trustee for the district.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Calls on Bonded Assessments [51830 - 51834] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 51834. This article is applicable with respect to all bonds which are exchanged for refunding bonds, or otherwise canceled, either before or after maturity, to any delinquency sale as to which the period of redemption has not expired, and to all parcels purchased by a county treasurer as trustee for the district as to which the period of redemption has expired. (Added by Stats. 1951, Ch. 336.)
  6. 51850.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Cancellation Prior to Completion of Levy [51850- 51850.] ( Article 3 added by Stats. 1951, Ch. 336. )

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    If the assessment commissioners have been appointed and the assessment is partly or fully completed but not yet approved by the supervisors, and the board finds the assessment will not raise enough money, the board may cancel the proceedings, ask the board of supervisors for a new report and estimate, and appoint commissioners again.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Cancellation Prior to Completion of Levy [51850- 51850.] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 51850. When assessment commissioners have been appointed and an assessment has been partially or fully completed but has not been approved by the supervisors, and the board finds that the amount to be provided by the assessment is insufficient to pay the outstanding obligations or to pay for necessary new work, it may by resolution cancel all proceedings, and petition the board of supervisors to have prepared a new report and estimate, and appoint the same or new assessment commissioners to spread the assessment. (Amended by Stats. 1951, Ch. 681.)
  7. 51870.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Erroneous Assessments and Invalid Calls [51870 - 51872] ( Article 4 added by Stats. 1951, Ch. 336. )

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    An assessment made by mistake or clerical error may be refunded if the board orders it, and this can happen after payment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Erroneous Assessments and Invalid Calls [51870 - 51872] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 51870. Any assessment erroneously made by reason of inadvertence or clerical mistake may be refunded upon order of the board at any time after payment thereof. (Added by Stats. 1951, Ch. 336.)
  8. 51871.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Erroneous Assessments and Invalid Calls [51870 - 51872] ( Article 4 added by Stats. 1951, Ch. 336. )

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    If an assessment installment is later ruled invalid, the county treasurer may credit prior payments and must refund the invalid installment on demand.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Erroneous Assessments and Invalid Calls [51870 - 51872] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 51871. When an assessment has been levied upon district lands and any installment of the assessment called by the board or by the county treasurer is adjudged invalid by any court of competent jurisdiction, payments of the installment, including penalties and interest, made by any person before the call was adjudged invalid, may be credited by the treasurer of the county where the assessment list is filed on the assessment on which the invalid call was paid, and shall be applied to the payment of any subsequently called installment of the assessment on the parcel or upon demand, the county treasurer shall refund the amount of the installment adjudged invalid to the person who made the payment. (Amended by Stats. 1953, Ch. 805.)
  9. 51872.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Erroneous Assessments and Invalid Calls [51870 - 51872] ( Article 4 added by Stats. 1951, Ch. 336. )

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    If a parcel was sold by the county treasurer for nonpayment of an assessment installment and the assessment is later invalidated, the court may set aside the sale-related proceedings and cancel the sale certificate and deed.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Erroneous Assessments and Invalid Calls [51870 - 51872] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 51872. When a parcel is sold by the county treasurer for nonpayment of a call of an installment of any assessment which is thereafter adjudged invalid by a court of competent jurisdiction, the court shall have power to set aside any and all proceedings or acts taken or had in connection with such sale and to cancel any certificate of sale and any deed made in pursuance of the sale. (Added by Stats. 1951, Ch. 336.)
  10. 51890.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. )

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    If a parcel in a district is divided, the board must reapportion the assessment after a written application from the landowners. If a parcel is subdivided for sale, the subdivider must apply in writing, the board must reapportion the assessment, and the subdivider must pay the reapportionment expense.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 51890. When any parcel located in a district upon which an assessment has been levied is divided, the board, upon written application signed by any or all of the landowners within the divided parcel, shall enter a minute order directing the reapportionment of the assessment upon the divided parcel in such manner as will charge each of the smaller parcels with a just proportion of the assessment. When any parcel in a district is subdivided for the purposes of sale in accordance with Part 2 (commencing with Section 11000) of Division 4 of the Business and Professions Code, the subdivider shall make written application to the board for the reapportionment of any assessment of the district upon the parcels and the board shall proceed to make the reapportionment in the manner provided in this article. The expense of the reapportionment shall be paid by the subdivider. (Amended by Stats. 1984, Ch. 104, Sec. 3.)
  11. 51891.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. )

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    If all landowners sign the reapportionment application, the reapportionment becomes final when the minute order is entered.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 51891. If the application for reapportionment is signed by all of the landowners, the reapportionment is final upon entry of the minute order. (Added by Stats. 1951, Ch. 336.)
  12. 51892.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. )

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    If a reapportionment application is not signed by all landowners in the divided parcel, the board must file a list of assessed charges with the board of supervisors’ clerk, and the board of supervisors must approve the reapportionment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 51892. If the application for reapportionment is not signed by all of the landowners within the divided parcel, the board upon making the minute order, shall file with the clerk of the board of supervisors a list of the charges assessed against each of the parcels, and the reapportionment shall be approved by the board of supervisors in the manner provided in Article 1 (commencing with Section 51230) of Chapter 2. (Amended by Stats. 1984, Ch. 104, Sec. 4.)
  13. 51892.5.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. )

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    If a parcel with an assessment is divided or subdivided and no reapportionment application was filed, the district secretary may reapportion the assessment among the smaller parcels and must give written notice to the owners.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 51892.5. If no application for reapportionment is received under Section 51890, the district secretary may, upon learning that a parcel upon which an assessment has been levied has been divided or subdivided, reapportion the assessment against that parcel among each of the smaller parcels in proportion to the relative acreage contained in each parcel. The secretary shall give to each owner of the smaller parcels written notice of the reapportionment so determined, advising that the reapportionment will become final unless the owners, or any of them, within 10 days of the mailing of the notice, file with the secretary a written request for a hearing before the board to determine the manner in which the assessment shall be reapportioned. If no request is received, the reapportionment shall become final upon adoption by the board. If a request is received, the secretary shall give to the owner of each of the smaller parcels written notice not less than 10 days prior thereto that a hearing will be held by the board to determine the reapportionment. The determination of the board at the hearing shall be final unless, within 10 days thereafter, an objection is filed in writing with the secretary, in which event the board shall file its order of reapportionment with the clerk of the board of supervisors, and the reapportionment shall be approved by the board of supervisors in the manner provided in Article 1 (commencing with Section 51230) of Chapter 2. (Added by Stats. 1984, Ch. 104, Sec. 5.)
  14. 51893.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. )

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    Before approving any reapportionment, the board must require that each resulting parcel have suitable access in and out.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 51893. The board shall require, as a condition to the making of any reapportionment pursuant to this article, that each parcel of the divided or subdivided parcel be given suitable means of ingress and egress. (Amended by Stats. 1984, Ch. 104, Sec. 6.)
  15. 51894.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. )

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    If an assessment on a parcel has been reapportioned, the board must record or endorse the change on the assessment list and file notice of the changes with the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 7. ASSESSMENTS [51200 - 51894] ( Part 7 added by Stats. 1951, Ch. 336. ) ## CHAPTER 6. Cancellation, Refund and Reapportionment of Assessments [51800 - 51894] ( Chapter 6 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Reapportioning Assessments [51890 - 51894] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 51894. When any assessment has been reapportioned on any parcel, the board shall cause the divisions or subdivisions and reapportionment to be properly entered or endorsed upon the assessment list, and shall file notice of all the changes with the county treasurer. (Amended by Stats. 1984, Ch. 104, Sec. 7.)
  16. 520.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3. Declaration of Policy [520 - 523] ( Article 3 added by Stats. 1991, Ch. 407, Sec. 2. )

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    The section states California’s policy to put available water to beneficial use, prevent waste and unreasonable use, and determine water quantities in use across the state as far as reasonably possible.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3. Declaration of Policy [520 - 523] ( Article 3 added by Stats. 1991, Ch. 407, Sec. 2. ) ## 520. The Legislature hereby finds and declares that, pursuant to the primary interest of the people of the state to put the limited available supplies of water in this state to beneficial use to the fullest extent of which they are capable, and to prevent waste, unreasonable use, or unreasonable method of use, it is necessary to determine the quantities of water in use throughout the state to the maximum extent that is reasonable to do so. (Added by Stats. 1991, Ch. 407, Sec. 2.)
  17. 5200.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

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    This section says the part creates groundwater reporting requirements.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5200. The Legislature finds and declares that this part establishes groundwater reporting requirements for the purposes of subdivision (b) of Section 10724 and Chapter 11 (commencing with Section 10735) of Part 2.74 of Division 6. (Added by Stats. 2014, Ch. 347, Sec. 10. (AB 1739) Effective January 1, 2015.)
  18. 5201.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

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    This section defines terms used in this part of the Water Code.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5201. As used in this part: (a) “Basin” has the same meaning as defined in Section 10721. (b) “Board-designated local area” has the same meaning as defined in Section 5009. (c) “De minimis extractor” has the same meaning as defined in Section 10721. (d) “Groundwater” has the same meaning as defined in Section 10721. (e) “Groundwater extraction facility” has the same meaning as defined in Section 10721. (f) “Groundwater sustainability agency” has the same meaning as defined in Section 10721. (g) “Person” has the same meaning as defined in Section 10735. (h) “Personal information” has the same meaning as defined in Section 1798.3 of the Civil Code. (i) “Probationary basin” has the same meaning as defined in Section 10735. (j) “Water year” has the same meaning as defined in Section 10721. (Added by Stats. 2014, Ch. 347, Sec. 10. (AB 1739) Effective January 1, 2015.)
  19. 5202.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

    Verify source ↗

    Certain groundwater extractors must file an annual extraction report with the board by February 1, unless an exception applies.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5202. (a) This section applies to a person who does either of the following: (1) Extracts groundwater from a probationary basin 90 days or more after the board designates the basin as a probationary basin pursuant to Section 10735.2. (2) Extracts groundwater on or after July 1, 2017, in an area within a high- or medium-priority basin subject to the requirements of subdivision (a) of Section 10720.7 that is not within the management area of a groundwater sustainability agency and where the county does not assume responsibility to be the groundwater sustainability agency, as provided in subdivision (b) of Section 10724. (b) Except as provided in subdivision (c), a person subject to this section shall file a report of groundwater extraction by February 1 of each year for extractions made in the preceding water year. (c) Unless reporting is required pursuant to paragraph (2) of subdivision (c) of Section 10735.2, this section does not apply to any of the following: (1) An extraction by a de minimis extractor. (2) An extraction excluded from reporting pursuant to paragraph (1) of subdivision (c) of Section 10735.2. (3) An extraction reported pursuant to Part 5 (commencing with Section 4999). (4) An extraction that is included in annual reports filed with a court or the board by a watermaster appointed by a court or pursuant to statute to administer a final judgment determining rights to water. The reports shall identify the persons who have extracted water and give the general place of use and the quantity of water that has been extracted from each source. (d) Except as provided in Section 5209, the report shall be filed with the board. (e) The report may be filed by the person extracting water or on that person’s behalf by an agency that person designates and that maintains a record of the water extracted. (f) Each report shall be accompanied by the fee imposed pursuant to Section 1529.5. (Amended by Stats. 2021, Ch. 258, Sec. 46. (SB 155) Effective September 23, 2021.)
  20. 5203.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

    Verify source ↗

    A groundwater extraction report must be prepared on a board-provided form and include specified information about the extractor, the basin, the extraction site, facility capacity, monthly extraction records, use, and other required details.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5203. Each report shall be prepared on a form provided by the board. The report shall include all of the following information: (a) The name and address of the person who extracted groundwater and of the person filing the report. (b) The name of the basin from which groundwater was extracted. (c) The place of groundwater extraction. The location of the groundwater extraction facilities shall be depicted on a specific United States Geological Survey topographic map or shall be identified using the California Coordinate System or a latitude and longitude measurement. If assigned, the public land description to the nearest 40-acre subdivision and the assessor’s parcel number shall be provided. (d) The capacity of the groundwater extraction facilities. (e) Monthly records of groundwater extractions. The measurements of the extractions shall be made by a methodology, water-measuring device, or combination thereof satisfactory to the board. (f) The purpose of use. (g) A general description of the area in which the water was used. The location of the place of use shall be depicted on a specific United States Geological Survey topographic map or on any other maps with identifiable landmarks. If assigned, the public land description to the nearest 40-acre subdivision and the assessor’s parcel number shall also be provided. (h) As near as is known, the year in which the groundwater extraction was commenced. (i) Any information required pursuant to paragraph (3) of subdivision (c) of Section 10735.2. (j) Any other information that the board may require by regulation and that is reasonably necessary for purposes of this division or Part 2.74 (commencing with Section 10720) of Division 6. (Added by Stats. 2014, Ch. 347, Sec. 10. (AB 1739) Effective January 1, 2015.)
  21. 5204.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

    Verify source ↗

    If someone fails to file a report required by this part, the board may investigate and determine the required information at that person’s expense. The board must give notice and allow 60 days to file the report without penalty.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5204. (a) If a person fails to file a report as required by this part, the board may, at the expense of that person, investigate and determine the information required to be reported pursuant to this part. (b) The board shall give a person described in subdivision (a) notice of its intention to investigate and determine the information required to be reported pursuant to this part and 60 days in which to file a required report without penalty. (Added by Stats. 2014, Ch. 347, Sec. 10. (AB 1739) Effective January 1, 2015.)
  22. 5205.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

    Verify source ↗

    A report under this part, or a board determination of facts under Section 5105, cannot be used as evidence of a right to divert or use water.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5205. A report submitted under this part or a determination of facts by the board pursuant to Section 5105 shall not establish or constitute evidence of a right to divert or use water. (Amended by Stats. 2025, Ch. 401, Sec. 20. (AB 1520) Effective January 1, 2026.)
  23. 5206.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

    Verify source ↗

    Personal information in a groundwater extraction report must receive the same disclosure protection as utility-customer information of local agencies under Government Code Section 7927.410.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5206. Personal information included in a report of groundwater extraction shall have the same protection from disclosure as is provided for information concerning utility customers of local agencies pursuant to Section 7927.410 of the Government Code. (Amended by Stats. 2021, Ch. 615, Sec. 428. (AB 474) Effective January 1, 2022. Operative January 1, 2023, pursuant to Section 463 of Stats. 2021, Ch. 615.)
  24. 5207.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

    Verify source ↗

    A person who must file this report does not get the related groundwater-extraction right, and limitations do not run in their favor, until the report is filed.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5207. A right to extract groundwater that may otherwise occur shall not arise or accrue to, and a statute of limitations shall not operate in favor of, a person required to file a report pursuant to this part until the person files the report. (Added by Stats. 2014, Ch. 347, Sec. 10. (AB 1739) Effective January 1, 2015.)
  25. 5208.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

    Verify source ↗

    This section says Section 5107 applies to certain reports or measuring devices required under this part, and treats related groundwater-extraction reports, measuring devices, or misstatements as equivalent to the corresponding items under Part 5.1.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5208. Section 5107 applies to a report or measuring device required pursuant to this part. For purposes of Section 5107, a report of groundwater extraction, measuring device, or misstatement required, used, or made pursuant to this part shall be considered the equivalent of a statement, measuring device, or misstatement required, used, or made pursuant to Part 5.1 (commencing with Section 5100). (Added by Stats. 2014, Ch. 347, Sec. 10. (AB 1739) Effective January 1, 2015.)
  26. 5209.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. )

    Verify source ↗

    Groundwater extraction reports for a board-designated local area must be sent to the designated entity when the stated conditions are met.

    ## Water Code - WAT ## DIVISION 2. WATER [1000 - 5951] ( Division 2 enacted by Stats. 1943, Ch. 368. ) ## PART 5.2. Groundwater Extraction Reporting for Probationary Basins and Basins Without a Groundwater Sustainability Agency [5200 - 5209] ( Part 5.2 added by Stats. 2014, Ch. 347, Sec. 10. ) ## 5209. For groundwater extractions in a board-designated local area, reports required pursuant to this part shall be submitted to the entity designated pursuant to subdivision (e) of Section 5009 if both of the following occur: (a) The board determines that the requirements of subdivision (e) of Section 5009 have been satisfied with respect to extractions subject to reporting pursuant to this part, in addition to any groundwater extractions subject to Part 5 (commencing with Section 4999). (b) The designated entity has made satisfactory arrangements to collect and transmit to the board any fees imposed pursuant to paragraph (2) of subdivision (b) of Section 1529.5. (Added by Stats. 2014, Ch. 347, Sec. 10. (AB 1739) Effective January 1, 2015.)
  27. 521.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3. Declaration of Policy [520 - 523] ( Article 3 added by Stats. 1991, Ch. 407, Sec. 2. )

    Verify source ↗

    The Legislature states that water metering and volumetric pricing are important tools to reduce waste and encourage conservation, and that this chapter is meant to override conflicting local laws while allowing stricter local requirements.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3. Declaration of Policy [520 - 523] ( Article 3 added by Stats. 1991, Ch. 407, Sec. 2. ) ## 521. The Legislature further finds and declares all of the following: (a) Water furnished or used without any method of determination of the quantities of water used by the person to whom the water is furnished has caused, and will continue to cause, waste and unreasonable use of water, and that this waste and unreasonable use should be identified, isolated, and eliminated. (b) Water metering and volumetric pricing are among the most efficient conservation tools, providing information on how much water is being used and pricing to encourage conservation. (c) Without water meters, it is impossible for homeowners and businesses to know how much water they are using, thereby inhibiting conservation, punishing those who conserve, and rewarding those who waste water. (d) Existing law requires the installation of a water meter as a condition of water service provided pursuant to a connection installed on or after January 1, 1992, but the continuing widespread absence of water meters and the lack of volumetric pricing could result in the inefficient use of water for municipal and industrial uses. (e) The benefits to be gained from metering infrastructure are not recovered if urban water suppliers do not use this infrastructure. (f) This chapter addresses a subject matter of statewide concern. It is the intent of the Legislature that this chapter supersede and preempt all enactments and other local action of cities and counties, including charter cities and charter counties, and other local public agencies that conflict with this chapter, other than enactments or local actions that impose additional or more stringent requirements regarding matters set forth in this chapter. (g) An urban water supplier should take any available necessary step consistent with state law to ensure that the implementation of this chapter does not place an unreasonable burden on low-income families. (Amended by Stats. 2005, Ch. 22, Sec. 205. Effective January 1, 2006.)
  28. 52100.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    In this chapter, “bonds” includes both bonds and refunding bonds unless the text says otherwise.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52100. The term bonds, as used in this chapter, includes bonds and refunding bonds, unless otherwise provided. (Added by Stats. 1951, Ch. 336.)
  29. 52101.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Bonds must have denominations of at least $100 and no more than $1,000 each.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52101. Bonds shall be of the denomination of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) each. (Added by Stats. 1951, Ch. 336.)
  30. 52102.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Bonds must be signed by the president and attested by the county auditor of the principal county.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52102. Bonds shall be signed by the president and attested by the county auditor of the principal county. (Added by Stats. 1951, Ch. 336.)
  31. 52103.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Bonds must be numbered consecutively in the order of their maturity.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52103. Bonds shall be numbered consecutively in the order of their maturity. (Added by Stats. 1951, Ch. 336.)
  32. 52104.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. )

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    Bonds may not bear interest above 8% per year, and interest is payable twice a year in January and July at the county treasurer’s office when proper coupons are presented.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52104. Bonds shall bear interest at a rate not to exceed 8 percent per year, payable on the first day of January and the first day of July in each year at the office of the county treasurer upon the presentation of the proper coupons therefor. (Amended by Stats. 1975, Ch. 130.)
  33. 52105.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Interest coupons must be attached to the bonds and bear the facsimile signature of the county auditor of the principal county.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52105. Coupons for each installment of interest shall be attached to the bonds and shall bear the facsimile signature of the county auditor of the principal county. (Added by Stats. 1951, Ch. 336.)
  34. 52106.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

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

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Form [52100 - 52106] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52106. The principal of bonds shall be made payable on the first day of July, or the first day of January in such years as the board prescribes. (Added by Stats. 1951, Ch. 336.)
  35. 52120.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Validating Proceedings [52120- 52120.] ( Article 2 repealed and added by Stats. 1961, Ch. 1543. )

    Verify source ↗

    An action to determine the validity of bonds may be brought under the referenced civil procedure chapter.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Validating Proceedings [52120- 52120.] ( Article 2 repealed and added by Stats. 1961, Ch. 1543. ) ## 52120. An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure. (Repealed and added by Stats. 1961, Ch. 1543.)
  36. 52150.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. )

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    The county treasurer must publish notice of the sale of bonds in a newspaper of general circulation in the principal county, at least once a week for two weeks before the sale.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52150. The county treasurer shall publish notice of the sale of bonds, at least once a week for two weeks prior to the sale, in a newspaper of general circulation published in the principal county. (Added by Stats. 1951, Ch. 336.)
  37. 52151.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The notice must say the county treasurer will sell a specified amount of bonds at the stated time and place, and it must invite sealed proposals to buy the bonds or part of them.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52151. The notice shall state that the county treasurer will sell a specified amount of bonds at the time and place specified therein, and ask sealed proposals for the purchase of the bonds, or any part thereof. (Added by Stats. 1951, Ch. 336.)
  38. 52152.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    At the stated sale time, the county treasurer must open the bids and award the bonds to the highest responsible bidder.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52152. At the time stated in the notice of sale, the county treasurer shall open the bids and award the bonds to the highest responsible bidder as provided in Article 2, Chapter 2 of this part with respect to the sale of bonds or Article 3, Chapter 3 of this part with respect to the sale of refunding bonds. (Added by Stats. 1951, Ch. 336.)
  39. 52153.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The sale date for refunding bonds must be set at least 95 days before the maturity date of the principal being refunded.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52153. The date fixed for the sale of refunding bonds shall be at least 95 days prior to the maturity date of the principal of the bonds to be refunded by the sale of the refunding bonds. (Added by Stats. 1951, Ch. 336.)
  40. 52154.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer may reject any and all bids, and must do so if a majority of the board makes a written request.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52154. The county treasurer may, and upon written request of a majority of the board, shall reject any and all bids. (Added by Stats. 1951, Ch. 336.)
  41. 52155.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A record of the bond sale must be made on the county treasurer’s books.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale of Bonds [52150 - 52155] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52155. A record of the sale shall be made upon the books of the county treasurer. (Added by Stats. 1951, Ch. 336.)
  42. 52170.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may decide, before bonds are sold, that the bonds can be called at face value plus accrued interest on any interest payment date, with an optional premium set by the board.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52170. The board may provide at any time before the sale of the bonds that the bonds shall be callable at face value, plus accrued interest, on any interest payment date, with or without a premium to be specified by the board, and inserted in the bonds. All other terms and conditions of the call shall be as provided by the board. (Amended by Stats. 1971, Ch. 310.)
  43. 52171.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may, at least 120 days before an interest payment date and by a two-thirds vote, order callable bonds paid on that interest payment date.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52171. At least 120 days prior to any interest payment date, the board may, by a two-thirds vote, adopt an order calling any amount of callable bonds for payment on the interest payment date. (Added by Stats. 1951, Ch. 336.)
  44. 52172.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Bonds of a maturity may be called in inverse numerical order or by lot; if called by lot, the board must determine the bonds by drawing.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52172. Less than all of the bonds of any maturity may be called in inverse numerical order or by lot and, if called by lot, the board shall ascertain by a drawing the bonds to be called in such maturity by lot. (Amended by Stats. 1971, Ch. 310.)
  45. 52173.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    An order calling bonds must identify the bonds to be called by number, maturity, or another designation the board provides.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52173. The order calling bonds shall specify the bonds to be called by number, maturity or such other designation as may be provided by the board. (Amended by Stats. 1971, Ch. 310.)
  46. 52174.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A certified copy of the order must be delivered to the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52174. A certified copy of the order shall be delivered to the county treasurer. (Added by Stats. 1951, Ch. 336.)
  47. 52175.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must add the principal of bonds called for redemption, plus any call premium, to the amount collected for the next bond payment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52175. The county treasurer shall add the principal of the bonds so called for redemption specified in the order, and any premium provided by those bonds to be paid upon such call, to the amount which he is required to collect for payment of the next maturing principal and interest of the outstanding bonds. (Amended by Stats. 1971, Ch. 310.)
  48. 52176.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must state in the notice of call of assessment how much is included for bond principal, interest, and premium.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52176. The county treasurer, in his notice of call of assessment, shall specify the amount which is included for payment of principal of and interest on the bonds to be called and premium thereon. (Amended by Stats. 1971, Ch. 310.)
  49. 52177.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must publish a notice of bond calls in a newspaper of general circulation in the principal county.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52177. The county treasurer shall publish, in a newspaper of general circulation printed and published in the principal county once a week for four weeks prior to the date on which bonds are called for payment, a notice of the call of bonds. (Added by Stats. 1951, Ch. 336.)
  50. 52178.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A notice calling bonds must refer to the board’s order, tell bondholders to present the bonds for payment on the specified date, and state that interest stops when payment funds are received by the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52178. The notice of the call of bonds shall contain a reference to the order of the board calling the bonds and a notification to all holders of bonds so called to present the bonds for payment on the date specified in the notice. The notice of call shall further state that whenever, on or after the call date specified in the notice, funds are received by the county treasurer for payment of the bonds, coupons and premium, all interest thereon shall cease. (Amended by Stats. 1971, Ch. 310.)
  51. 52179.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If callable bonds have a premium, the board must issue warrants to the county treasurer for the premium amount, funded by the required additional or supplemental assessment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Callable Bonds [52170 - 52179] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52179. In the event the bonds are callable at a premium, the board shall draw a warrant or warrants in favor of the county treasurer from time to time as bonds are called for redemption in an amount equal to the amount of the premium required to be paid on the bonds then called for redemption. Each such warrant shall be drawn against funds derived from the additional or supplemental assessment required to be levied pursuant to Section 51301.5. The amounts collected on such additional or supplemental assessment shall be used by the county treasurer for the payment of the premium on the bonds then called for redemption and, to the extent of such payment, such warrant shall be reduced or canceled by endorsement on the reverse thereof. (Amended by Stats. 1971, Ch. 310.)
  52. 52190.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Bond Fund [52190 - 52193] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Money from assessments tied to issued bonds must be credited to the district’s bond fund, unless Section 51644 provides otherwise.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Bond Fund [52190 - 52193] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52190. All money, including interest and penalties, derived by sale, or otherwise, from an assessment against which bonds have been issued, and amounts of purchase money paid in bonds or coupons on delinquency sales made for such assessments, shall be credited to the bond fund of the district, except as provided in Section 51644. (Added by Stats. 1951, Ch. 336.)
  53. 52191.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Bond Fund [52190 - 52193] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must charge certain publication, incidental, and record-keeping expenses to the bond fund.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Bond Fund [52190 - 52193] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52191. The county treasurer shall charge to the bond fund the expenses of publication and such other incidental expenses of the county treasurer as are necessarily incurred by him in collecting and disbursing the moneys received and disbursed by him, as well as the cost of keeping such additional records as are necessary to carry out the provisions of this division relating to bonds. (Added by Stats. 1951, Ch. 336.)
  54. 52192.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Bond Fund [52190 - 52193] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board must first approve the county treasurer’s claims and expenditures, then draw a warrant on the bond fund to pay those expenditures.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Bond Fund [52190 - 52193] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52192. All claims by the county treasurer and the expenditures shall be first approved by the board, and a warrant shall be drawn by the board on the bond fund in favor of the county treasurer in payment for such expenditures. (Added by Stats. 1951, Ch. 336.)
  55. 52193.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Bond Fund [52190 - 52193] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must transfer the remaining bond fund balance to the district’s general fund after all outstanding bond principal and interest have been paid in full.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. General Provisions [52100 - 52193] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Bond Fund [52190 - 52193] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52193. The county treasurer shall transfer the balance remaining in the bond fund, after payment in full of the principal and interest of all outstanding bonds, to the general fund of the district. (Added by Stats. 1951, Ch. 336.)
  56. 522.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3. Declaration of Policy [520 - 523] ( Article 3 added by Stats. 1991, Ch. 407, Sec. 2. )

    Verify source ↗

    The Legislature states that wasteful or unreasonable water use wastes energy, and that water quantities should be determined statewide to the extent reasonable to reduce that energy use.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3. Declaration of Policy [520 - 523] ( Article 3 added by Stats. 1991, Ch. 407, Sec. 2. ) ## 522. The Legislature further finds and declares that waste or unreasonable use of water imposes unnecessary and wasteful consumption of energy to deliver or furnish the water, and it is necessary, therefore, to determine the quantities of water in use throughout the state to the maximum extent that it is reasonable to do so in order to reduce that energy consumption. (Added by Stats. 1991, Ch. 407, Sec. 2.)
  57. 52200.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    This section says the provisions of Chapter 1 of this part apply to bonds issued under this article.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52200. All provisions of Chapter 1 of this part are applicable to bonds issued pursuant to this article. (Added by Stats. 1951, Ch. 336.)
  58. 52201.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board must order a special election when certain district assessments remain unpaid and the board thinks issuing bonds would benefit the district or landowners, or when a qualifying petition is filed.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52201. When any assessment, except an operation and maintenance assessment, levied and assessed upon district lands remains unpaid in whole or in part and, in the judgment of the board it would be for the best interest of the district or the landowners therein to issue bonds to obtain money to pay the cost of reclamation, the indebtedness of the district, or any other legal charge, or when a petition signed by the owners of more than one-half of the land in the district is filed with the secretary, the board, by order entered upon its records, shall order a special election to be held at some place in the district to be designated by the board. (Added by Stats. 1951, Ch. 336.)
  59. 52202.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    At the special election, the board must submit to the landowners the question of whether bonds should be issued.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52202. At the special election the board shall submit to the landowners the question of whether bonds shall be issued in an amount equal to the amount of such assessment, or the part of such assessment remaining unpaid, which amount shall be entered by the board in its records and stated by it in the order for the special election. (Added by Stats. 1951, Ch. 336.)
  60. 52203.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the election votes favor issuing bonds, the board must have the bonds and the assessment list executed and delivered to the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52203. If a majority of the votes cast at the election are in favor of the issuance of bonds, the board shall cause the amount of bonds stated in the order for the election to be executed and delivered, with the assessment list, to the county treasurer. (Added by Stats. 1951, Ch. 336.)
  61. 52204.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the board considers it advisable, it may order a special election before any assessment is made.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52204. If the board deems it advisable, it may order a special election to be held prior to making any assessment, to determine whether bonds shall be issued for an amount to be stated in the order for the election, but no bonds shall, in such instance, be issued until an assessment for the amount of the bonds authorized at the election has been made and filed with the county treasurer. (Added by Stats. 1951, Ch. 336.)
  62. 52205.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must place the bonds to the credit of the district.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52205. The county treasurer shall place the bonds to the credit of the district. (Added by Stats. 1951, Ch. 336.)
  63. 52206.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The bonds must be repaid in serial installments over 20 years, with at least 10% payable within 10 years and at least 10% of the remaining unpaid amount payable each year starting in year 11 until fully paid.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52206. The bonds shall be payable serially within 20 years from their date, as follows: (a) Not less than 10 percent of the aggregate face value of bonds issued shall be payable within 10 years from their date. (b) Not less than 10 percent of the aggregate face value of bonds remaining unpaid at the end of 10 years shall be payable each year beginning with the eleventh (11th) year from their date, until the whole amount of the bonds is paid. (Added by Stats. 1951, Ch. 336.)
  64. 52207.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The bonds must be issued in substantially the prescribed form.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52207. The bonds shall be substantially in the following form: Form of Bonds United States of America State of California County of ______ No. _____ $ ______ Reclamation District ______ Reclamation District No. ____, for value received hereby acknowledges itself indebted to and promises to pay to the holder hereof at the office of the treasurer of said county, in the State of California, on the first day of ____, 19_, the sum of ____ dollars ($____), in lawful money of the United States of America, with interest thereon in lawful money from date hereof until paid, at the rate of ____ percent, per year, payable at the office of said treasurer on the first day of January, and the first day of July in each year on presentation and surrender of the interest coupons hereto attached. This bond is one of a series of ____ bonds of like tenor and effect, except as to denomination and maturity, numbered from ____ to ____ inclusive, amounting in the aggregate to ____ dollars ($____), issued in accordance with Division 15 of the Water Code of the State of California pursuant to an election held in said reclamation district on the ____ day of ____, 19_, authorizing its issuance, and is based upon and secured by an assessment levied on the lands in said district, and filed in the Office of the County Treasurer of said County of ____, on the ____ day of ____, 19_, and the said reclamation district does hereby certify and declare that said election was duly called and held upon due notice, and the result thereof was duly canvassed and ascertained, in pursuance of and in strict conformity with the laws of the State of California applicable thereto, and that all of the acts and conditions and things required by law to be done, precedent to and in the issue of said bonds have been done and have been performed in regular and in due form and in strict accordance with the provisions of the law authorizing the issuance of reclamation bonds. In the testimony whereof, the said district, by its board of trustees, has caused this bond to be signed by the president of said board and attested by the Auditor of said County of ____ with his seal of office affixed this ____ day of ____, 19_. President of said board Attest Auditor of the County of , State of California (Added by Stats. 1951, Ch. 336.)
  65. 52208.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Interest coupons may be prepared in substantially the form shown in this section.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance [52200 - 52208] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52208. The interest coupons may be substantially in the following form: No. ________ $ _______ The County Treasurer of ____ County, California, will pay to the holder hereof on the ____ day of ____, 19_, at his office in said County of ____, the sum of ____ dollars ($____) in lawful money of the United States out of the funds of Reclamation District No. ____ for interest on bonds of said district numbered ____. County Auditor (Added by Stats. 1951, Ch. 336.)
  66. 52220.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the board directs it by resolution, the county treasurer may sell the bonds, but not for less than 90% of face value plus accrued interest.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52220. When directed by resolution of the board, the county treasurer may sell all or any designated number of the bonds for the best price obtainable, but in no event for less than 90 percent of the face value of the bonds and the accrued interest thereon. (Added by Stats. 1951, Ch. 336.)
  67. 52221.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The bonds must be sold using the procedure set out in Article 3 of Chapter 1 of this part.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52221. The bonds shall be sold in the manner provided in Article 3 of Chapter 1 of this part. (Added by Stats. 1951, Ch. 336.)
  68. 52222.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer may accept bonds or district warrants as full or partial payment, valued at face value plus accrued interest.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52222. The county treasurer may accept in full or partial payment for bonds, outstanding warrants of the district at face value plus the accrued interest thereon. (Added by Stats. 1951, Ch. 336.)
  69. 52223.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If bonds were authorized before an assessment was paid within the Section 51510 30-day period, the bonds to be sold must be reduced and canceled by the amount of that payment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52223. When bonds have been authorized prior to payment of an assessment during the 30-day period allowed by Section 51510, the amount of bonds to be sold shall be reduced and canceled in an amount equal to the assessment paid during that period. (Amended by Stats. 1951, Ch. 681.)
  70. 52224.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board must enter the minute order for reducing and cancelling bonds not to be sold, and the president must certify a copy that is filed with the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52224. The reduction and cancellation of bonds not to be sold shall be only in the latest maturities and the minute order directing such reduction and cancellation shall be entered by the board and a copy thereof, certified by the president, filed with the county treasurer. (Amended by Stats. 1951, Ch. 681.)
  71. 52225.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Bond sale proceeds must be placed in the county treasury to the credit of the district.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52225. The proceeds from the sale of the bonds shall be placed in the county treasury to the credit of the district. (Added by Stats. 1951, Ch. 336.)
  72. 52226.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A county treasurer’s sale and delivery of bonds counts as conclusive evidence for purchasers and later holders that the sale had proper authority and notice.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52226. A sale and delivery of the bonds by the county treasurer is conclusive evidence in favor of the purchaser and all subsequent holders of the bonds that the sale was made upon due authority and notice. (Added by Stats. 1951, Ch. 336.)
  73. 52227.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may draw demand warrants on the county treasurer using funds from the sale of bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52227. The board may draw demand warrants upon the county treasurer against the funds provided by sale of bonds. (Added by Stats. 1951, Ch. 336.)
  74. 52228.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Certain authorized financial and public actors may buy these bonds or take them as pledge for loans if the bonds have been investigated, certified, and declared legal for investments by savings banks.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sale [52220 - 52228] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52228. Bonds issued pursuant to this chapter which have been investigated and certified by any officer of this state authorized to make such investigation and certification, and declared to be legal for investments by savings banks of the state, may be purchased, or received in pledge for loans by savings banks, trust companies, insurance companies, guardians, conservators, executors, administrators and special administrators, or by any public officer or officers of this state or of any county, city, or other municipal or corporate body within this state having or holding funds which they are authorized to invest or loan. (Amended by Stats. 1979, Ch. 730.)
  75. 52240.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Additional Series [52240 - 52241] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If a district issues an additional bond series based on another assessment, the maturity dates must be set so the latest maturity is within 30 years and the earliest maturity is after the latest maturity of any earlier series.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Additional Series [52240 - 52241] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52240. When any district, having authorized the issuance of a series of bonds, issues an additional series based on another assessment, the dates of maturity of the additional series shall be such that the latest maturities thereof do not exceed 30 years, and the earliest maturity shall be later than the latest maturity of bonds of any earlier series. (Added by Stats. 1951, Ch. 336.)
  76. 52241.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Additional Series [52240 - 52241] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Rules for the original issue of bonds in this part also apply to additional series of bonds, as far as they fit.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Additional Series [52240 - 52241] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52241. The provisions of this part relative to the original issue of bonds shall apply to additional series of bonds so far as applicable. (Added by Stats. 1951, Ch. 336.)
  77. 52260.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Exchange [52260 - 52262] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A district that has issued bonds in different denominations may exchange them for new bonds of different denominations with the same total face value and maturity, if the required request and deposit conditions are met.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Exchange [52260 - 52262] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52260. Any district which has issued bonds of different denominations, may, by order entered in its minutes, upon request of holders thereof, and upon the deposit of the outstanding bonds with the board, issue to the holders of the deposited bonds, bonds in the same form but in different denominations having the same aggregate face value and maturity. (Added by Stats. 1951, Ch. 336.)
  78. 52261.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Exchange [52260 - 52262] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Exchange bonds must be executed by the persons who are legally required to execute the bonds being exchanged.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Exchange [52260 - 52262] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52261. Exchange bonds shall be executed by all persons required by law to execute the bonds for which the exchange is made. (Added by Stats. 1951, Ch. 336.)
  79. 52262.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Exchange [52260 - 52262] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Bonds deposited for exchange must be canceled by the county treasurer and the board.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Exchange [52260 - 52262] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52262. Bonds deposited for exchange shall be canceled by the county treasurer and the board. (Added by Stats. 1951, Ch. 336.)
  80. 52280.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may cancel bond-related proceedings by an order entered in its minutes if the bonds remain unsold for one year after delivery to the county treasurer, or if they are not delivered to the county treasurer within one year after the election authorizing issuance.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52280. The board, by an order entered in its minutes, may cancel all proceedings taken in connection with bonds remaining unsold one year after they are delivered to the county treasurer, or which are not delivered to the county treasurer within one year from the date of the election authorizing the issuance thereof. (Added by Stats. 1951, Ch. 336.)
  81. 52281.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A certified copy of the order must be filed with the county treasurer in each county where the affected lands are located.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52281. A certified copy of the order shall be filed with the county treasurer of each county wherein lands affected by the assessment on which the bonds were based are situated. (Added by Stats. 1951, Ch. 336.)
  82. 52282.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    When the county treasurer receives the order, the treasurer must cancel the unsold bonds and any attached coupons.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52282. Upon receipt of the order, the county treasurer to whom the unsold bonds have been delivered shall cancel the unsold bonds and all coupons attached thereto. (Added by Stats. 1951, Ch. 336.)
  83. 52283.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Canceling unsold or unissued bonds does not invalidate the related assessment. The board may also demand payment of part of the assessment or authorize and issue bonds on the unpaid portion.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52283. Cancellation of unsold or unissued bonds shall not affect the validity of the assessment upon which the bonds were issued, and the board may call for the payment of any part of the assessment as provided in Section 51517 or may cause bonds to be authorized and issued upon the unpaid portion of such assessment. (Added by Stats. 1951, Ch. 336.)
  84. 52284.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    When part of a bond issue is canceled, the board must call the assessment securing those bonds and collect it in installments it chooses.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52284. When a portion of any bond issue is canceled, the board shall call the portion of the assessment securing the canceled bonds, in such installment or installments as the said board shall determine, and the amount collected shall be deposited in the county treasury and paid out on warrants of the district in the order of their registration drawn in payment of costs for the payment of which the assessment was levied. (Added by Stats. 1951, Ch. 336.)
  85. 52285.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Assessment calls under Section 52284 must be set at amounts that leave enough assessment uncalled to pay principal and interest on the outstanding bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52280 - 52285] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52285. Calls of assessments pursuant to Section 52284 shall be limited to amounts which will leave uncalled a sufficient portion of the assessment to pay principal and interest on the outstanding bonds. (Added by Stats. 1951, Ch. 336.)
  86. 523.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3. Declaration of Policy [520 - 523] ( Article 3 added by Stats. 1991, Ch. 407, Sec. 2. )

    Verify source ↗

    The Legislature declares a goal that, by January 1, 1992, water meters be installed on all new water service connections to qualifying water purveyor systems and facilities.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3. Declaration of Policy [520 - 523] ( Article 3 added by Stats. 1991, Ch. 407, Sec. 2. ) ## 523. The Legislature hereby finds and declares that the California goal for measurement of water use is the achievement by January 1, 1992, of the installation of water meters on all new water service connections after that date to systems and facilities owned, operated, or under the management or control of a water purveyor, which meters will measure the quantity of water furnished or delivered through each system or facility to each new user of the water. (Added by Stats. 1991, Ch. 407, Sec. 2.)
  87. 52300.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 6. Miscellaneous [52300 - 52302] ( Article 6 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Certain bond-related procedures in this division apply to bonds issued before July 27, 1917.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 6. Miscellaneous [52300 - 52302] ( Article 6 added by Stats. 1951, Ch. 336. ) ## 52300. The provisions of this division as to the procedure for calling assessments to meet payments of principal or interest of bonds, the provisions of Section 51258, and the provisions of this division relating to refunding bonds, shall apply to and inure to the benefit of bonds which were issued prior to July 27, 1917. (Added by Stats. 1951, Ch. 336.)
  88. 52301.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 6. Miscellaneous [52300 - 52302] ( Article 6 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If bonds or interest coupons are accepted instead of cash and only part of the tender is needed, the county treasurer must mark the tendered amount as paid and note the redeemable amount on any unmatured coupons.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 6. Miscellaneous [52300 - 52302] ( Article 6 added by Stats. 1951, Ch. 336. ) ## 52301. In all cases where it is provided in this division that bonds and interest coupons may be used in lieu of cash, and the entire amount of any bonds or coupons tendered is not required to complete the particular transaction, the county treasurer shall endorse thereon, as paid, the amount thereof which is tendered for payment or cancellation, and shall endorse on the unmatured coupons attached to such bond the amount for which the unmatured coupons are redeemable, the amount to be computed on the unpaid portion of the bond at the rate of interest provided in the bond. (Added by Stats. 1951, Ch. 336.)
  89. 52302.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 6. Miscellaneous [52300 - 52302] ( Article 6 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Lost, destroyed, or badly mutilated bonds and interest coupons may be replaced with duplicates if the holder did not act in bad faith.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2. Bonds [52200 - 52302] ( Chapter 2 added by Stats. 1951, Ch. 336. ) ## ARTICLE 6. Miscellaneous [52300 - 52302] ( Article 6 added by Stats. 1951, Ch. 336. ) ## 52302. Bonds and interest coupons which are, without bad faith on the part of the holder, lost, destroyed, or so mutilated as to impair their value to the holder, may be replaced by the issuance of duplicates in the manner provided with respect to warrants in Part 9, Chapter 2, Article 3 of this division. (Amended by Stats. 1951, Ch. 681.)
  90. 52400.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2.5. Revenue Bonds [52400 - 52402] ( Chapter 2.5 added by Stats. 1974, Ch. 978. )

    Verify source ↗

    A district may use a resolution or indenture to create special indebtedness backed by revenue bonds for financing a works plan.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2.5. Revenue Bonds [52400 - 52402] ( Chapter 2.5 added by Stats. 1974, Ch. 978. ) ## 52400. As an alternate to any other method of financing available to it, a district may, by resolution or indenture, create a special indebtedness evidenced by revenue bonds to finance the costs of carrying out a plan for any works, singly or as a whole. (Added by Stats. 1974, Ch. 978.)
  91. 52401.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2.5. Revenue Bonds [52400 - 52402] ( Chapter 2.5 added by Stats. 1974, Ch. 978. )

    Verify source ↗

    A district may issue revenue bonds and must follow the Revenue Bond Law of 1941 in substantial accord and with like legal effect; bondholders get the related rights and remedies. If the proceedings are requested by a majority or more of voters, no election is held and the action is not subject to referendum.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2.5. Revenue Bonds [52400 - 52402] ( Chapter 2.5 added by Stats. 1974, Ch. 978. ) ## 52401. The proceedings for the issuance of revenue bonds shall be had, the district shall have the powers and duties, and the bondholders shall have the rights and remedies, all in substantial accordance with and with like legal effect as provided in the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300), Part 1, Division 2, Title 5 of the Government Code); provided, however, that when such proceedings are requested by the affirmative action of a majority or more of the voters in the district, no election shall be had, nor shall such action be subject to referendum. (Added by Stats. 1974, Ch. 978.)
  92. 52402.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2.5. Revenue Bonds [52400 - 52402] ( Chapter 2.5 added by Stats. 1974, Ch. 978. )

    Verify source ↗

    A district may set and revise service charges by resolution or indenture, including minimum and standby charges. If it proposes new, increased, or extended assessments, it must follow the notice, protest, and hearing procedures in Government Code Section 53753.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 2.5. Revenue Bonds [52400 - 52402] ( Chapter 2.5 added by Stats. 1974, Ch. 978. ) ## 52402. A district may, by resolution or indenture, prescribe and revise charges for the services of its properties, works, and facilities, singly or as a whole, or for the providing of such properties, works, or facilities, or for their availability, including minimum and standby charges. If new, increased, or extended assessments are proposed, the district shall comply with the notice, protest, and hearing procedures in Section 53753 of the Government Code. (Amended by Stats. 2007, Ch. 27, Sec. 35. Effective January 1, 2008.)
  93. 525.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. )

    Verify source ↗

    Water purveyors must require a suitable water meter for new water service, and the user pays the installation cost.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. ) ## 525. (a) Notwithstanding any other provision of law, every water purveyor who sells, leases, rents, furnishes, or delivers water service to any person shall require, as a condition of new water service on and after January 1, 1992, that a suitable water meter to measure the water service shall be installed on the water service facilities in accordance with this chapter. The cost of installation of the meter shall be paid by the user of the water, and any water purveyor may impose and collect charges for those costs. (b) Subdivision (a) applies only to potable water. (c) Subdivision (a) does not apply to a community water system which serves fewer than 15 service connections used by yearlong residents or regularly serves fewer than 25 yearlong residents, or a single well that services the water supply of a single-family residential home. (Amended by Stats. 2005, Ch. 22, Sec. 206. Effective January 1, 2006.)
  94. 52500.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A district may refund all or part of the principal installment of an outstanding bond issue.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52500. A district may refund the whole or any part of any installment of the principal of an outstanding bond issue. (Added by Stats. 1951, Ch. 336.)
  95. 52501.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Proceedings to issue refunding bonds that began before August 14, 1929 must be completed under this part.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52501. All proceedings for the issuance of refunding bonds commenced prior to August 14, 1929 shall be completed in accordance with the provisions of this part. (Added by Stats. 1951, Ch. 336.)
  96. 52502.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the board decides refunding would benefit the district or landowners, it may order a special election in the district.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52502. When the board determines that it would be for the best interest of the district or the landowners therein to refund any installment, or portion thereof, of the principal of any outstanding bonds of the district, the board may, by order entered upon its records, order a special election to be held at some place in the district to be designated by the board. (Added by Stats. 1951, Ch. 336.)
  97. 52503.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    At the election, the board must submit to the landowners the question of whether some or all of an installment of the district’s outstanding bond principal should be refunded.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52503. At the election the board shall submit to the landowners the question of whether any installment of the principal of the outstanding bonds of the district, or any part of such installment shall be refunded. (Added by Stats. 1951, Ch. 336.)
  98. 52504.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The election order must state the refunding bonds’ maturities, interest rate, total principal amount, and which bonds will be refunded.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52504. The order for the election shall state the maturities and rate of interest of the refunding bonds, and the total amount of the principal thereof, and shall designate the bonds which are to be refunded. (Added by Stats. 1951, Ch. 336.)
  99. 52505.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If a majority of votes at the election approve refunding bonds, the board must set the bonds’ date and interest rate and arrange for the bonds, plus a certified copy of the election order, to be delivered to the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52505. If a majority of the votes cast at the election approve the issuance of refunding bonds, the board shall prescribe the date and rate of interest of the refunding bonds authorized at the election and shall cause them to be executed and delivered, with a certified copy of the order of election, to the county treasurer. (Added by Stats. 1951, Ch. 336.)
  100. 52506.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Refunding bonds cannot have a principal amount above 110% of the bonds being refunded.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52506. The principal of the refunding bonds shall not exceed 110 percent of the principal amount of the bonds to be refunded. (Added by Stats. 1951, Ch. 336.)
  101. 52507.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Refunding bonds’ principal and interest must be based on, and paid from, the assessment used to pay the bonds being refunded.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52507. The principal and interest of refunding bonds shall be based on and payable out of the assessment upon which the bonds to be refunded are payable. (Added by Stats. 1951, Ch. 336.)
  102. 52508.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Refunding bonds must be structured so they are payable serially over at least 50 years from their date.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52508. Refunding bonds shall be payable serially within at least 50 years from their date. (Added by Stats. 1951, Ch. 336.)
  103. 52509.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Refunding bonds may be issued in substantially the form set out in this section.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52509. Refunding bonds may be in substantially the following form: United States of America State of California County of ______ No. _____ $ Reclamation District No. ______ Reclamation District No. ____ for value received, hereby acknowledges itself indebted to and promises to pay to the holder hereof at the office of the treasurer of ____ County, in the State of California, on the ____ day of ____, 19__, the sum of $____ in lawful money of the United States of America, with interest thereon in like lawful money from the date hereof until paid at the rate of ____ percent per year, payable at the office of said treasurer on the first day of January, and the first day of July in each year on presentation and surrender of the interest coupons hereto attached. This bond is one of a series of refunding bonds of like tenor and effect, except as to denomination and maturity, numbered from ____ to ____ inclusive, amounting in the aggregate to the sum of ____ dollars ($____), issued in accordance with Division 15 of the Water Code of the State of California pursuant to an election held in said reclamation district on the ____ day of ____, 19__, authorizing their issuance, and are issued for the purpose of refunding ____ $____ of the principal amount of the bonds of this district dated the ____ day of ____, 19__, and outstanding on the ____ day of ____, 19__, and this bond is based upon and secured by an assessment levied on the lands in said district, and filed in the office of the county treasurer of said County of ____ on the ____ day of ____, and the said reclamation district does hereby certify and declare that said election was duly called and held upon due notice, and the result thereof was duly canvassed and ascertained, in pursuance of and in strict conformity with the laws of the State of California applicable thereto, and that all of the acts and conditions and things required by law to be done, precedent to and in the issue of said bonds have been done and have been performed in regular and in due form and in strict accordance with the provisions of the law authorizing the issuance of reclamation bonds. This bond is one of the bonds issued to refund $____ principal amount of bonds of this district numbered ____ dated the said ____ day of ____, 19__, and maturing ____, 19__. In testimony whereof, the said district, by its board of trustees, has caused this bond to be signed by the president of said board and attested by the auditor of said County of ____ with his seal of office affixed this ____ day of ____, 19__. President of said board Attest: Auditor of the County of , State of California. (Added by Stats. 1951, Ch. 336.)
  104. 52510.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Interest coupons may be prepared in substantially the sample form set out here.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Form [52500 - 52510] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52510. The interest coupons may be substantially in the following form: No. ________ $ _______ The county treasurer of ____ County, California, will pay to the holder hereof on the ____ day of ____, 19___, at his office in the County of ____ the sum of $____ in lawful money of the United States out of the funds of Reclamation District No. ____ for interest on refunding bond of said district, No. ___. County Auditor (Added by Stats. 1951, Ch. 336.)
  105. 52530.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Exchange [52530 - 52533] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may direct the county treasurer to exchange refunding bonds for outstanding bonds, but only with the bondholders’ consent.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Exchange [52530 - 52533] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52530. The board, with the consent of the holders of any or all of the outstanding bonds to be refunded, may direct the county treasurer to deliver to such holders at any time, in exchange therefor, refunding bonds issued pursuant to this chapter, having maturities agreed upon by the board and the holders of the bonds to be refunded. (Added by Stats. 1951, Ch. 336.)
  106. 52531.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Exchange [52530 - 52533] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Refunding bonds delivered to bond holders cannot have a total principal amount greater than the principal amount of the bonds being exchanged.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Exchange [52530 - 52533] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52531. The aggregate principal amount of the refunding bonds delivered to bond holders shall not exceed the aggregate principal amount of the bonds exchanged therefor. (Added by Stats. 1951, Ch. 336.)
  107. 52532.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Exchange [52530 - 52533] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If bonds are exchanged for refunding bonds, the county treasurer must cancel the bonds immediately.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Exchange [52530 - 52533] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52532. The bonds delivered to the district in exchange for refunding bonds shall be immediately canceled by the county treasurer. (Added by Stats. 1951, Ch. 336.)
  108. 52533.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Exchange [52530 - 52533] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Outstanding bonds may be refunded under this article if the holders consent.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Exchange [52530 - 52533] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52533. The outstanding bonds may be refunded pursuant to this article with the consent of the holders thereof at any time before or after their final maturity date. (Added by Stats. 1951, Ch. 336.)
  109. 52550.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may decide by resolution to sell all or part of the refunding bonds instead of exchanging them for outstanding bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52550. The board, in lieu of exchanging refunding bonds for outstanding bonds, may declare by resolution that it will be for the best interests of the district to sell all or any specific portion of the refunding bonds. (Added by Stats. 1951, Ch. 336.)
  110. 52551.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may, after adopting a resolution of sale, declare by resolution that refunding bonds or part of them will be sold, but only by the stated dates before maturity.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52551. The board, having adopted a resolution of sale, may declare by resolution, on or before the February 1st or the August 1st prior to the date of maturity of the outstanding bonds next maturing and to be refunded, either in whole or in part, that any portion of the refunding bonds available for the refunding of the outstanding bonds next maturing shall be sold. (Added by Stats. 1951, Ch. 336.)
  111. 52552.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must sell refunding bonds within a specified 5- to 10-day window before the relevant April 1 or October 1 date, and the bonds cannot be sold for less than 90% of face value plus accrued interest.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52552. The resolution shall direct the county treasurer to sell the refunding bonds on a date not less than five days, nor more than 10 days, prior to the April 1st or October 1st prior to the maturity of the bonds to be refunded, and shall declare whether the refunding bonds may be sold for less than the face value thereof, plus accrued interest. In no event shall refunding bonds be sold for less than 90 percent of their face value plus accrued interest. (Added by Stats. 1951, Ch. 336.)
  112. 52553.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must sell the refunding bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52553. The refunding bonds shall be sold by the county treasurer in the manner provided in Article 3, Chapter 1 of this part for the sale of bonds and refunding bonds. (Added by Stats. 1951, Ch. 336.)
  113. 52554.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A sale by the county treasurer is conclusive evidence for the purchaser and later bond holders that the sale had proper authority and notice.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52554. A sale by the county treasurer is conclusive evidence in favor of the purchaser and all subsequent holders of the refunding bonds that the sale was made upon due authority and notice. (Added by Stats. 1951, Ch. 336.)
  114. 52555.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Unsold refunding bonds may be offered for sale again before maturity, or exchanged for outstanding bonds as allowed by this chapter.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52555. Refunding bonds which are not sold when offered for sale may again be offered for sale from time to time prior to their fixed maturity, or may be exchanged for outstanding bonds as provided in this chapter. (Added by Stats. 1951, Ch. 336.)
  115. 52556.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Proceeds from selling refunding bonds must be put into the county treasury and credited to the bond fund, then used only to pay the principal of the outstanding bonds being refunded.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52556. The proceeds of the sale of refunding bonds shall be placed in the county treasury to the credit of the bond fund, and used only in payment of the principal of the outstanding bonds to be refunded by the refunding bonds so sold. (Added by Stats. 1951, Ch. 336.)
  116. 52557.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may sell or exchange refunding bonds only for maturities that were declared in the election notice as available for refunding.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52557. The board shall sell or exchange refunding bonds only of such maturities as have been declared in the notice of election for the issuance of refunding bonds to be available for the refunding of particular maturities of the district’s outstanding bonds. (Added by Stats. 1951, Ch. 336.)
  117. 52558.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If certain old refunding bonds are still unsold, the board may call an election on whether they should be sold or exchanged to refund outstanding bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52558. If any district authorized the issuance of refunding bonds prior to August 14, 1929, and the same or any part thereof are unsold, the board may call an election in the manner and upon the notice prescribed for the issuance of refunding bonds, at which election there shall be submitted the question of whether such refunding bonds of any maturity shall be sold or exchanged to refund any maturity of outstanding bonds of the district as the board shall determine, or as may otherwise be specified in the notice of such election. (Added by Stats. 1951, Ch. 336.)
  118. 52559.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the board decides the refunding bonds may be sold below par and that interest money is needed, the sale resolution must order a warrant drawn from the district fund and delivered to the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52559. If the board, in its resolution, determines that the refunding bonds may be sold for an amount less than their aggregate par value, and that it is necessary or advisable that an amount be made available for the payment of interest upon the refunding bonds from the date of the sale thereof to the date of maturity of the bonds to be refunded out of the proceeds of the sale, the resolution of sale shall direct that a warrant be forthwith drawn against the general or maintenance fund of the district in favor of the county treasurer as trustee of the bond fund and delivered to the county treasurer. (Added by Stats. 1951, Ch. 336.)
  119. 52560.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The warrant must be for the total of two bond-sale-related amounts, including an excess amount capped at 10% of par value and an amount needed to cover interest from sale to maturity.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52560. The warrant shall be drawn for an amount equal to the sum of: (a) The excess of the par value of the refunding bonds directed to be sold over the amount for which the board has determined the refunding bonds may be sold, which shall not in any event, exceed 10 percent of the par value of the refunding bonds directed to be sold. (b) An amount sufficient to pay interest at the rate provided in the refunding bonds from the date of sale thereof to the date of the maturity of the bonds to be refunded out of the proceeds of the sale. Items (a) and (b) are incidental expenses of the district as defined in Section 51336. (Added by Stats. 1951, Ch. 336.)
  120. 52561.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    When a warrant has been drawn, the next maintenance assessment call must include an amount equal to the warrant.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Sale [52550 - 52561] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52561. When the warrant has been drawn, there shall be included in the next succeeding assessment call levied for maintenance purposes, an amount equal to that of the warrant, and that amount shall be assessed against the several parcels in the same proportion as the original assessment, or any subsequent reapportionments thereof, which secures the payment of the refunding bonds, and, when collected, shall be placed to the credit of the maintenance fund, in reimbursement of that fund. (Added by Stats. 1951, Ch. 336.)
  121. 52580.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may use a supplemental assessment instead of drawing a warrant under Section 52560 to raise the amounts stated there.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52580. The board, in lieu of drawing a warrant pursuant to Section 52560 may raise the amounts indicated in that section by a supplemental assessment levied as provided in Part 7, Chapter 2, Article 6 of this division, in which event the warrant shall be drawn against the fund created by the supplemental assessment. (Added by Stats. 1951, Ch. 336.)
  122. 52581.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If landowners in a district voluntarily pay the required amount to the county treasurer when the board calls for it, no supplemental assessment is levied.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52581. If the landowners in a district voluntarily pay to the county treasurer, on the call of the board the amount required to be made available by reason of the sale of the refunding bonds at less than par, no supplemental assessment shall be levied. (Added by Stats. 1951, Ch. 336.)
  123. 52582.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the refunding bond sale is completed by payment and delivery, the board must enforce payment of delinquencies in the supplemental assessment under the stated chapters.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52582. If a sale of the refunding bonds is consummated by payment of the purchase price and the delivery of the bonds, the board shall enforce payment of delinquencies in the supplemental assessment in the manner set forth as provided in Chapters 3 and 4 of Part 7 of this division. (Added by Stats. 1951, Ch. 336.)
  124. 52583.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must use the specified assessment or warrant proceeds only for the listed refunding-bond payment purposes.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52583. The county treasurer shall use the proceeds of the supplemental assessment or of the warrant delivered to him pursuant to Section 52559, as the case may be, for the following purposes: (a) The payment of any amount by which the total amount necessary to pay the principal and accrued interest on the bonds next maturing exceeds the proceeds from the sale of the refunding bonds, exclusive of accrued interest. (b) The payment to the purchaser of the refunding bonds at the time he takes delivery thereof, of interest at the rate provided in the refunding bonds from the date the sale is completed by the payment of the purchase price until the date when, pursuant to the terms of the refunding bonds and the coupons thereto attached, interest thereon shall begin to accrue. (Added by Stats. 1951, Ch. 336.)
  125. 52584.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If money remains in the supplemental assessment fund after the next bond principal and interest are fully paid, the county treasurer must refund the surplus to the people who paid the supplemental assessment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Collection and Disposition of Supplemental Assessment [52580 - 52584] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 52584. Any surplus in the supplemental assessment fund after the principal and interest on the bonds next maturing are paid in full shall be refunded by the county treasurer to the persons who have paid the supplemental assessment, in proportion to the amounts they paid. (Added by Stats. 1951, Ch. 336.)
  126. 526.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. )

    Verify source ↗

    An urban water supplier meeting the Central Valley Project condition must install water meters by January 1, 2013, and later bill customers based on actual metered deliveries; it may also recover meter-related costs from rates, fees, or charges.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. ) ## 526. (a) Notwithstanding any other provision of law, an urban water supplier that, on or after January 1, 2004, receives water from the federal Central Valley Project under a water service contract or subcontract executed pursuant to Section 485h(c) of Title 43 of the United States Code with the Bureau of Reclamation of the United States Department of the Interior shall do both of the following: (1) On or before January 1, 2013, install water meters on all service connections to residential and nonagricultural commercial buildings constructed prior to January 1, 1992, located within its service area. (2) On and after March 1, 2013, or according to the terms of the Central Valley Project water contract in operation, charge customers for water based on the actual volume of deliveries, as measured by a water meter. (b) An urban water supplier that receives water from the federal Central Valley Project under a water service contract or subcontract described in subdivision (a) may recover the cost of providing services related to the purchase, installation, and operation and maintenance of water meters from rates, fees, or charges. (Added by renumbering Section 111 by Stats. 2004, Ch. 884, Sec. 2. Effective January 1, 2005.)
  127. 52600.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52600 - 52602] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must promptly cancel any refunding bonds left in the treasurer’s hands once the bonds being refunded have been discharged.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52600 - 52602] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52600. Refunding bonds remaining in the hands of the county treasurer after the outstanding bonds to be refunded thereby are discharged, shall be forthwith canceled by the county treasurer and shall never be an obligation of the district. (Added by Stats. 1951, Ch. 336.)
  128. 52601.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52600 - 52602] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If refunding bonds remain unsold or unexchanged one year after deposit with the county treasurer, the board may cancel the related proceedings by entering an order in its minutes.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52600 - 52602] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52601. If, upon the expiration of one year after an issue of refunding bonds, heretofore or hereafter issued was deposited with the county treasurer, all or part of the refunding bonds are unsold or unexchanged, the board, by an order entered in its minutes, may cancel all proceedings taken in connection with the unsold or unexchanged refunding bonds as provided in Article 5, Chapter 2 of this part. (Added by Stats. 1951, Ch. 336.)
  129. 52602.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52600 - 52602] ( Article 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Cancellation does not invalidate the underlying assessment or any bonds already sold, exchanged, or issued on that assessment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 3. General Refunding Bonds [52500 - 52602] ( Chapter 3 added by Stats. 1951, Ch. 336. ) ## ARTICLE 5. Cancellation [52600 - 52602] ( Article 5 added by Stats. 1951, Ch. 336. ) ## 52602. The cancellation will not affect the validity of the assessment upon which the bonds are based, nor the validity of any bonds previously sold or exchanged, or previously issued on the assessment. (Added by Stats. 1951, Ch. 336.)
  130. 527.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. )

    Verify source ↗

    Certain urban water suppliers must install water meters, bill metered customers by actual water use, and may delay meter-based charges for one seasonal cycle in some conversions.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. ) ## 527. (a) An urban water supplier that is not subject to Section 526 shall do both of the following: (1) Install water meters on all municipal and industrial service connections located within its service area on or before January 1, 2025. (2) (A) Charge each customer that has a service connection for which a water meter has been installed based on the actual volume of deliveries as measured by the water meter, beginning on or before January 1, 2010. (B) Notwithstanding subparagraph (A), in order to provide customers with experience in volume-based water service charges, an urban water supplier that is subject to this subdivision may delay, for one annual seasonal cycle of water use, the use of meter-based charges for service connections that are being converted from nonvolume-based billing to volume-based billing. (b) A water purveyor, including an urban water supplier, may recover the cost of providing services related to the purchase, installation, and operation of a water meter from rates, fees, or charges. (Amended by Stats. 2005, Ch. 22, Sec. 207. Effective January 1, 2006.)
  131. 52700.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may issue refunding bonds under this chapter to refund outstanding bonds, including original and refunding issues.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52700. The board may cause refunding bonds to be issued as provided in this chapter for the purpose of refunding any outstanding bonds, including original issues and refunding issues. (Added by Stats. 1951, Ch. 336.)
  132. 52701.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Refunding bonds under this chapter must be issued mostly the same way Chapter 3 requires, unless this section says otherwise.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52701. Refunding bonds issued pursuant to this chapter shall be issued in substantially the manner prescribed by Chapter 3 of this part for the issuance of refunding bonds, except as otherwise provided herein, and the provisions thereof concerning the authorization, issuance, exchange and sale of refunding bonds issued pursuant thereto shall be applicable to refunding bonds issued pursuant to this chapter. (Added by Stats. 1951, Ch. 336.)
  133. 52703.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

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

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52703. The board shall call and conduct an election of the landowners in the manner provided in Chapter 3 (commencing with Section 50800) of Part 4 of this division for the purpose of authorizing the issuance of the refunding bonds. (Amended by Stats. 1992, Ch. 1020, Sec. 131. Effective January 1, 1993.)
  134. 52704.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Before refunding bonds are issued, the board must file the refunding plan and a certified copy of its issuance order with the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52704. Prior to the issuance of any refunding bonds pursuant to this chapter the board shall file with the county treasurer a copy of the refunding plan and a certified copy of the order of the board providing for the issuance of the refunding bonds. (Amended by Stats. 1992, Ch. 1020, Sec. 132. Effective January 1, 1993.)
  135. 52705.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A refunding bond may use the statutory form set out in this section.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52705. The refunding bonds may be in substantially the following form: ## (Form of Bond) United States of America State of California County of _____ Refunding Bond of Reclamation District No. ____ Reclamation District No. ____, in the County of ____, in the State of California, a reclamation district duly organized and existing under and pursuant to the laws of said State, is indebted to and promises to pay to the bearer hereof, for value received, the sum of ____ dollars ($____), on the ____ day of ____, 19__, (unless before that date this bond is called for redemption, and payment hereof provided for, in the manner set forth in the refunding plan hereinafter mentioned) with interest thereon at the rate of ____ percent (____%) per year from ____, 19__, to and including the date of maturity of this bond. Said interest shall be payable on the first day of January and the first day of July of each year. Said principal and interest are payable in lawful money of the United States of America at the Office of the Treasurer of the County of ____, State of California, and are payable only on presentation and surrender of the proper interest coupons hereto attached as the same mature. This refunding bond is one of an authorized issue of refunding bonds of said district in the aggregate principal amount of ____ dollars ($____), known as the ____ Refunding Issue, all of like date and tenor, and all issued under and subject to the provisions of a refunding plan dated ____, to which refunding plan reference is hereby made for the statement of the nature and extent of the security, the rights of the holders of the refunding bonds and of the interest coupons in respect thereto and the terms and conditions upon which the refunding bonds are issued and secured, to all of the provisions of which refunding plan, the bearer or registered owner of this refunding bond, by his acceptance hereof, assents. This refunding bond is issued by authority of the provisions of Division 15, Part 8, Chapter 4, of the Water Code of the State of California, and pursuant to a vote of the landowners of said district at an election duly called, held and canvassed in conformity with the requirements of said chapter, and the bonds of this issue are issued for the purpose of refunding ____ dollars ($____) of the principal amount of the bonds of this district, and outstanding on the ____ day of ____, 19__, and this bond is secured by an assessment or assessments levied on the lands of said district and filed in the Office of the County Treasurer of said County of ____ on the ____ day of ____, 19__. It is hereby recited, certified and declared that this refunding bond is issued in strict conformity with the Constitution and laws of the State of California, and with proceedings of said reclamation district authorizing the same, and that all acts, conditions and things required to exist, happen and to be performed precedent to and in the issuance of this refunding bond, have existed, happened and been performed in regular and due time, form and manner as required by law, and that this refunding bond together with all other indebtedness and obligations of said reclamation district does not exceed any limit prescribed by the Constitution or Statutes of the State of California. It is further certified, recited and declared that the indebtedness which this bond is issued to refund, is a valid, subsisting, outstanding and legally binding indebtedness, evidenced by bonds and coupons of said district, and that this refunding bond shall be applied only to the refunding of the indebtedness for which it is issued, and for no other purpose. This bond is subject to call and redemption on any interest payment date at not exceeding the par value thereof and accrued interest as provided in said refunding plan. In testimony whereof, the said district by its board of trustees, has caused this bond to be signed by the president of said board and attested by the Auditor of said County of ____ with his seal of office affixed this ____ day of ____, 19__. _____ President of said board. Attest: Auditor of the County of ___________, State of California. (Added by Stats. 1951, Ch. 336.)
  136. 52706.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Interest coupons attached to refunding bonds may use the statutory form shown in the section.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52706. The interest coupons to be attached to the refunding bonds may be in substantially the following form: No. $ The County Treasurer of ____ County, California, will pay to the holder hereof on the ____ day of ____, 19_, (unless before that date the within bond is called for redemption, and payment hereof provided for, in the manner set forth in the refunding plan referred to in said bond), at his office in the County of ____, the sum of $____ in lawful money of the United States out of funds of Reclamation District No. ____, for interest due on said date on refunding bond of said district, No. ____. County Auditor. (Added by Stats. 1951, Ch. 336.)
  137. 52707.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    An action to determine the validity of refunding bonds may be brought under the cited Code of Civil Procedure chapter.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52707. An action to determine the validity of refunding bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure. (Amended by Stats. 1961, Ch. 1544.)
  138. 52709.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Refunding bonds issued under this chapter may be sold from time to time like other district bonds, or exchanged for other district bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52709. Refunding bonds issued pursuant to this chapter may be sold from time to time in the same manner as other bonds of the district, or may be exchanged for other bonds of the district. (Amended by Stats. 1992, Ch. 1020, Sec. 133. Effective January 1, 1993.)
  139. 52710.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

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

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52710. The outstanding bonds refunded or exchanged shall be immediately canceled by the county treasurer. (Added by Stats. 1951, Ch. 336.)
  140. 52711.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board sets the maturity and interest rate for refunding bonds, but maturity cannot be more than 50 years and interest cannot exceed 8% per year.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52711. The maturity of the refunding bonds issued pursuant to this chapter and the rate of interest thereon shall be fixed by the board, but in no case shall the maturity of any of the refunding bonds exceed 50 years nor the rate of interest exceed 8 percent per year, payable semiannually. (Amended by Stats. 1975, Ch. 130.)
  141. 52712.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Refunding bonds issued under this chapter must be paid from the same assessment that paid the bonds being refunded, and they must all mature at the same time.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52712. An issue of refunding bonds issued pursuant to this chapter shall be based upon and payable out of the assessment from which the bonds to be refunded were payable, and shall mature at one time. (Added by Stats. 1951, Ch. 336.)
  142. 52713.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may spend money, take on debt, and issue warrants to cover costs and expenses tied to a refunding plan or refunding its bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52713. The board may make expenditures, or incur indebtedness, and issue warrants therefor to pay the cost and expenses incident to any refunding plan or in connection with the refunding of its bonds. (Amended by Stats. 1992, Ch. 1020, Sec. 134. Effective January 1, 1993.)
  143. 52714.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    This section says the chapter provides an alternative method for issuing refunding bonds and does not change Chapter 3, except for any Chapter 3 procedure adopted here.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. Issuance and Forms [52700 - 52714] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 52714. The authority to issue refunding bonds pursuant to this chapter is in addition to the authority granted by Chapter 3 of this part, and nothing in this chapter shall be deemed to amend or modify Chapter 3 of this part or be applicable to refunding bonds issued under the provisions thereof, except that the procedure specified in that chapter, insofar as it is adopted herein, is a part hereof, it being the intent of the Legislature to provide an alternative method of issuing refunding bonds. (Added by Stats. 1951, Ch. 336.)
  144. 52730.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board must create an annual sinking fund for refunding bonds, before or when those bonds are issued.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52730. The board, prior to, or at the time of, issuance of the refunding bonds under this chapter, shall provide for the creation of an annual sinking fund for the payment of the refunding bonds in amounts determined by the board. (Amended by Stats. 1992, Ch. 1020, Sec. 135. Effective January 1, 1993.)
  145. 52731.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must levy and collect a call on the assessment for refunding bonds at least 90 days before each January 1 while the bonds are outstanding.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52731. The county treasurer, at least 90 days before the first day of January in each year during which the refunding bonds are outstanding, shall levy and collect a call against the assessment securing the payment of the principal and interest of the refunding bonds, in addition to all other calls required by law to be made, sufficient to provide the amounts of such sinking fund payments for the then current year. (Added by Stats. 1951, Ch. 336.)
  146. 52732.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may change the sinking fund payment at least 90 days before January 1 each year, and must promptly send the county treasurer a copy of the approving order.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52732. Ninety days, or more, before the first day of January in any year, the board may modify the amount of the sinking fund payment. The board shall forthwith mail the county treasurer a copy of the board’s order approving the modification of the sinking fund payment. The order shall state specifically the amount to be called by the county treasurer if the amount is less than that stated in the sinking fund schedule. (Amended by Stats. 1992, Ch. 1020, Sec. 136. Effective January 1, 1993.)
  147. 52735.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the district has surplus funds for the sinking fund payment and deposits them in the sinking fund, the assessment call for that year must be reduced by the amount of those deposited surplus funds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52735. In any year in which the district has surplus funds from other sources available for the sinking fund payment and has deposited such funds in the sinking fund the call of assessment for sinking fund purposes for that year shall be limited to any amount by which the amount of the sinking fund payment exceeds the amount of surplus funds so deposited. (Added by Stats. 1951, Ch. 336.)
  148. 52736.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may invest sinking-fund money in U.S. or California bonds, hold the bonds and income in the sinking fund, and sell some or all of the bonds when it decides that doing so is in the district’s best interests.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52736. The board may invest the money in the sinking fund in bonds of the United States or of the State of California, and hold the bonds so purchased, and the income therefrom, as part of the sinking fund until such time as the board determines that it is for the best interests of the district that all or part of such bonds be sold. (Added by Stats. 1951, Ch. 336.)
  149. 52737.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If bonds bought with sinking-fund money are sold, the sale proceeds must be deposited back into the sinking fund.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Sinking Fund [52730 - 52737] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 52737. The proceeds of sale of any bonds in which any part of the sinking fund is invested shall be deposited in the sinking fund. (Added by Stats. 1951, Ch. 336.)
  150. 52750.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the sinking fund has at least $10,000, the county treasurer must, when the board requests it, publish notice and invite sealed proposals to sell certain outstanding bonds or refunding bonds to the district.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52750. When the sinking fund contains at least ten thousand dollars ($10,000), the county treasurer shall, upon request of the board, by notice published once a week for two successive weeks in some newspaper published in the county where the office of the district is located and, in its discretion, in any other newspaper, invite sealed proposals for the sale to the district of any of its outstanding bonds or refunding bonds secured by the assessment out of which the sinking fund was created. (Added by Stats. 1951, Ch. 336.)
  151. 52751.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The notice must state the amount available for redemption and specify when and where proposals will be opened.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52751. The notice shall state the amount available for the redemption of bonds or refunding bonds and shall specify when and where the proposals will be opened. (Added by Stats. 1951, Ch. 336.)
  152. 52752.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Proposals must be opened at the county treasurer’s office during an open board meeting held at the time stated in the notice, or later if the meeting is adjourned.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52752. All proposals shall be opened at the office of the county treasurer at an open meeting of the board convened at the time specified in the notice or at some subsequent time to which the meeting is adjourned. (Added by Stats. 1951, Ch. 336.)
  153. 52753.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer may reject proposals, and must reject them if a majority of the board asks in writing.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52753. Any or all proposals may be rejected by the county treasurer, and shall be rejected by him if requested to do so in writing by a majority of the board. (Added by Stats. 1951, Ch. 336.)
  154. 52754.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer may buy refunding bonds at private sale if there are no bids, or if accepted bids do not use all available money, and at least two board members give written assent.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52754. If no bids are received, or if the bids accepted are not sufficient to exhaust the money available for the purchase of outstanding bonds or refunding bonds, the county treasurer may, with the written assent of at least two members of the board, purchase at private sale with available money in the sinking fund, any of the refunding bonds for the payment of which the sinking fund was created. (Added by Stats. 1951, Ch. 336.)
  155. 52755.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A proposal to sell bonds to the district above par value must not be accepted.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52755. No proposal to sell bonds to the district at a price in excess of the par value thereof shall be accepted. (Added by Stats. 1951, Ch. 336.)
  156. 52756.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Bonds purchased with sinking fund moneys must be canceled right away.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52756. All bonds purchased with sinking fund moneys shall forthwith be canceled. (Added by Stats. 1951, Ch. 336.)
  157. 52757.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may resolve in advance to call and redeem refunding bonds before maturity.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52757. The board may, by resolution adopted prior to the time of issuing any refunding bonds, provide for the call and redemption thereof, in numerical order, or by lot, as prescribed in the resolution, on any interest payment date prior to their fixed maturity, at not exceeding the par value thereof and accrued interest, in which event a statement to that effect shall appear on the face of the refunding bond. (Added by Stats. 1951, Ch. 336.)
  158. 52758.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Notice of redemption for callable refunding bonds must be published once a week for three successive weeks in a newspaper of general circulation printed and published in the principal county.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52758. Notice of redemption of callable refunding bonds shall be published once a week for three successive weeks in a newspaper of general circulation printed and published in the principal county. (Added by Stats. 1951, Ch. 336.)
  159. 52759.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The first publication of the redemption notice must be timed between 30 and 90 days before the redemption date fixed in the refunding bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52759. The first publication of the notice shall be not less than 30 days nor more than 90 days prior to the date fixed in the refunding bonds for the redemption. (Added by Stats. 1951, Ch. 336.)
  160. 52760.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Interest on refunding bonds that are declared callable stops after the redemption date if the district has set aside funds to pay the principal and interest.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 4. Alternate Method for Refunding Bonds [52700 - 52760] ( Chapter 4 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Redemption [52750 - 52760] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 52760. Interest on refunding bonds declared to be callable shall cease after the date fixed for redemption if the district has provided funds for the payment of the principal and interest thereof. (Added by Stats. 1951, Ch. 336.)
  161. 528.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. )

    Verify source ↗

    A water purveyor that becomes an urban water supplier on or after January 1, 2005 must install meters and start volume-based billing within the stated deadlines.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. ) ## 528. Notwithstanding Sections 526 and 527, any water purveyor that becomes an urban water supplier on or after January 1, 2005, shall do both the following: (a)Install water meters on all municipal and industrial service connections located within its service area within 10 years of meeting the definition of urban water supplier. (b)(1) Charge each customer for which a water meter has been installed, based on the actual volume of water delivered, as measured by the water meter, within five years of meeting the definition of urban water supplier. (2) Notwithstanding paragraph (1), in order to provide customers with experience in volume-based water service charges, an urban water supplier that is subject to this subdivision may delay, for one annual seasonal cycle of water use, the use of meter-based charges for service connections that are being converted from nonvolume-based billing to volume-based billing. (c) For the purposes of this article, an “urban water supplier” has the same meaning as that set forth in Section 10617. (Added by Stats. 2004, Ch. 884, Sec. 6. Effective January 1, 2005.)
  162. 52850.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the stated agreement and assessment conditions exist, the board may resolve to call some or all of the excess assessment to create a reserve fund.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52850. When there is an agreement between a district and the United States of America, or any department or agency thereof, which provides for the issuance of refunding bonds of the district aggregating in principal amount a sum less than the principal amount of the bonds to be refunded and for the creation of a reserve fund to pay installments of principal or interest of the refunding bonds when the amount in the bond fund is insufficient to pay the installments, and when the unpaid principal amount of the assessment securing the bonds to be refunded is, or upon the carrying out of the plan for refunding provided in the agreement will be, in excess of the principal amount of bonds secured by the assessment, the board may declare by resolution that all or part of the excess of the assessment shall be called from time to time for the purpose of creating a reserve fund. (Added by Stats. 1951, Ch. 336.)
  163. 52851.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Reserve fund money must be used to pay principal and interest on outstanding bonds if the bond fund is short.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52851. The money in the reserve fund shall be used to pay the installments of principal and interest of any outstanding bonds secured by the assessment when the amount in the bond fund is insufficient to meet such installments on any January 1st or July 1st, as the case may be. (Added by Stats. 1951, Ch. 336.)
  164. 52852.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If the bond fund has more money than needed to pay bond principal and interest due within six months, the board may set aside the excess for a reserve fund.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52852. If the bond fund contains a sum derived from an assessment securing the bonds to be refunded pursuant to the agreement which is in excess of the amount required to pay all installments of principal and interest due or to become due within six months upon all outstanding bonds secured by the assessment, the board may by resolution direct that the excess, or such part thereof as they deem advisable, be set apart for the purpose of creating a reserve fund. (Added by Stats. 1951, Ch. 336.)
  165. 52853.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must call part of the assessment principal securing the refunding bonds to restore reserve fund depletion, but only up to the stated limit.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52853. The county treasurer shall call such part of the principal of the assessment securing the refunding bonds, not exceeding the amount by which the unpaid principal amount of the assessment exceeds the principal amount of bonds secured thereby, as is necessary to restore the amount of depletion of the reserve fund caused by authorized payments therefrom. (Added by Stats. 1951, Ch. 336.)
  166. 52854.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The call must be made at the time set by Section 51420 after the reserve fund has been depleted.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52854. The call shall be made at the time prescribed by Section 51420 for making the next call for the payment of principal or interest of the bonds after the reserve fund has been depleted. (Added by Stats. 1951, Ch. 336.)
  167. 52855.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may direct that a depleted reserve fund be restored over up to three years, with at least one-third restored each year.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52855. The board may direct that the restoration of the reserve fund be effected over a period not exceeding three years next after the reserve fund was depleted, in which case not less than one-third of the amount of the depletion shall be restored during each of the three years. (Added by Stats. 1951, Ch. 336.)
  168. 52856.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A call to create a reserve fund cannot be made until the United States, or one of its agencies, has accepted at least 50% of the refunding bonds proposed under the plan.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52856. No call for the purpose of creating a reserve fund shall be made until the United States, or department or agency thereof, has accepted 50 percent or more of the refunding bonds proposed to be issued under the plan. (Added by Stats. 1951, Ch. 336.)
  169. 52857.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer may invest reserve fund money in U.S. or California bonds, and may sell those bonds and temporarily reinvest the proceeds in similar bonds.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52857. The county treasurer may invest any money in the reserve fund in bonds of the United States or of the State of California, and bonds so purchased and held in the reserve fund may be sold by the county treasurer and the proceeds temporarily reinvested in such bonds. (Added by Stats. 1951, Ch. 336.)
  170. 52858.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must sell certain reserve-fund-purchased bonds in time so the proceeds can be used for the reserve fund’s intended purposes.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52858. Sales of bonds of the United States or of the State of California purchased with reserve fund money shall be made by the county treasurer in sufficient time that the proceeds may be applied to the purposes for which the reserve fund was created. (Added by Stats. 1951, Ch. 336.)
  171. 52859.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A district board may, by resolution, direct certain excess bond-fund money in the county treasury to be used for specified purposes.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52859. The board of a district which has entered into an agreement pursuant to Section 52850, may, by resolution, direct that any money on deposit in the county treasury to the credit of any bond fund or bond reserve fund of the district, which was derived from an assessment against district lands securing said bonds and which is in excess of the amount required to pay principal and interest then due or to become due within six months thereafter upon bonds secured by the assessment, be applied to either or both of the following purposes: (a) The purchase of bonds secured by the assessment. (b) Deposit with the Federal Reserve Bank in San Francisco, California, subject to withdrawal therefrom only upon written orders of the district and the United States of America, or the department or agency thereof, including Reconstruction Finance Corporation, interested in the creation and maintenance of the fund, or by the district with the written consent of the United States of America, or the department or agency thereof, including Reconstruction Finance Corporation, interested in the creation and maintenance of the reserve fund. (Added by Stats. 1951, Ch. 336.)
  172. 52860.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must cancel all bonds purchased under subsection (a) of Section 52859, and must do so forthwith.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52860. The county treasurer shall forthwith cancel all bonds purchased pursuant to subsection (a) of Section 52859. (Added by Stats. 1951, Ch. 336.)
  173. 52861.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Bonds may not be purchased under Section 52859(a) unless the assessment securing them has an unpaid principal amount greater than the principal amount of outstanding and authorized bonds secured by that assessment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52861. No purchase of bonds shall be made pursuant to subdivision (a) of Section 52859 unless the unpaid principal amount of the assessment securing such bonds is in excess of the principal amount of outstanding and authorized bonds secured by such assessment. (Added by Stats. 1951, Ch. 336.)
  174. 52862.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Money deposited under Section 52859(b) may be taken out only to pay bond principal or interest, or to repay the district treasurer for district purposes and uses.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 8. BONDS AND REFUNDING BONDS [52100 - 52862] ( Part 8 added by Stats. 1951, Ch. 336. ) ## CHAPTER 5. Creation of Reserve Fund Pursuant to Agreement With the United States [52850 - 52862] ( Chapter 5 added by Stats. 1951, Ch. 336. ) ## 52862. No funds deposited pursuant to subdivision (b) of Section 52859 may be withdrawn except to pay the principal or interests upon any bonds of the district held by Reconstruction Finance Corporation, or its successors in interest, or for repayment to the treasurer of the district for the purposes and uses of the district. (Added by Stats. 1951, Ch. 336.)
  175. 529.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. )

    Verify source ↗

    This section says the article overrides conflicting local laws and local action, but not local rules that add or tighten requirements on the same subject.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. ) ## 529. (a) This article addresses a subject matter of statewide concern. (b) Subject to subdivision (c), this article supersedes and preempts all enactments, including charter provisions and amendments thereto, and other local action of cities and counties, including charter cities and charter counties, and other local public agencies that conflict with this article. (c) This article does not supersede or preempt any enactment or other local action that imposes additional or more stringent requirements regarding matters set forth in this article. (Added by Stats. 2004, Ch. 884, Sec. 7. Effective January 1, 2005.)
  176. 529.5.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. )

    Verify source ↗

    An urban water supplier seeking certain state funding or a permit for a new or expanded water supply must show that it meets this article’s requirements, starting on January 1, 2010.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. ) ## 529.5. On and after January 1, 2010, any urban water supplier that applies for financial assistance from the state for a wastewater treatment project, a water use efficiency project, or a drinking water treatment project, or for a permit for a new or expanded water supply, shall demonstrate that the applicant meets the requirements of this article. (Added by Stats. 2004, Ch. 884, Sec. 8. Effective January 1, 2005.)
  177. 529.7.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. )

    Verify source ↗

    The article says it does not limit certain water pururers’ authority to set and impose additional rates, fees, or charges for metered water.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 3.5. Metered Service [525 - 529.7] ( Article 3.5 heading added by Stats. 2004, Ch. 884, Sec. 4. ) ## 529.7. This article does not limit the authority of a water purveyor that promotes conservation through volumetric water pricing, including, but not limited to, an urban water supplier that promotes conservation through volumetric water pricing, to determine and impose a rate, fee, or charge in addition to the charge for the actual volume of metered water delivered. (Amended by Stats. 2009, Ch. 495, Sec. 4. (AB 975) Effective January 1, 2010.)
  178. 530.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 4. Standards [530- 530.] ( Article 4 added by Stats. 1991, Ch. 407, Sec. 2. )

    Verify source ↗

    Domestic cold water meters must comply with American Water Works Association standards and be the type approved by the Director of Food and Agriculture.

    ## Water Code - WAT ## DIVISION 1. GENERAL STATE POWERS OVER WATER [100 - 550] ( Division 1 enacted by Stats. 1943, Ch. 368. ) ## CHAPTER 8. Water Measurement [500 - 537.5] ( Chapter 8 added by Stats. 1991, Ch. 407, Sec. 2. ) ## ARTICLE 4. Standards [530- 530.] ( Article 4 added by Stats. 1991, Ch. 407, Sec. 2. ) ## 530. Domestic cold water meters shall be in compliance with relevant standards of the American Water Works Association and shall be of the type approved by the Director of Food and Agriculture pursuant to Section 12500.5 of the Business and Professions Code. (Added by Stats. 1991, Ch. 407, Sec. 2.)
  179. 53000.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may issue warrants on district funds for reclamation indebtedness and to raise money before assessment levies are collected.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 53000. The board may issue warrants drawn on the appropriate funds of the district to pay indebtedness of the district incurred in carrying out the works of reclamation and to raise money in anticipation of the collection of operation and maintenance assessment levies. (Added by Stats. 1951, Ch. 336.)
  180. 53001.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may issue demand warrants or time warrants, but only under the rules in this part.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 53001. The board may draw demand warrants or time warrants, subject to the provisions of this part. (Added by Stats. 1951, Ch. 336.)
  181. 53002.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Demand warrants are warrants drawn for any purpose that are payable upon demand.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 53002. Demand warrants are warrants, drawn for any purpose, which are payable upon demand. (Added by Stats. 1951, Ch. 336.)
  182. 53003.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Time warrants are warrants based on an operation and maintenance assessment and are payable on a future date stated in the warrant.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 53003. Time warrants are warrants, based upon an operation and maintenance assessment, payable at a specified future date expressed in the warrant. (Added by Stats. 1951, Ch. 336.)
  183. 53004.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    A warrant’s date is the date written on its face.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 1. General Provisions [53000 - 53004] ( Article 1 added by Stats. 1951, Ch. 336. ) ## 53004. The date of a warrant is the date inserted as such on the face of the warrant. (Added by Stats. 1951, Ch. 336.)
  184. 53020.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Demand Warrants [53020 - 53023] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Demand warrants may use the listed form, may state an interest rate when registered, and generally cannot be paid more than four years after their date unless they are payable at a future date.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Demand Warrants [53020 - 53023] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 53020. Demand warrants may be in substantially the following form: Face No. ________ $ ________ Office of the Board of Trustees of Reclamation District No. _________ The Treasurer of ____ County will pay to the order of ____ out of Reclamation District No. ____ fund the sum of ____ dollars ($____) for ____ allowed by the board of trustees of said Reclamation District No. ____. Dated _____, 19__. Trustees Attest: Secretary Reverse When registered this warrant bears interest at the rate of __ percent per year, computed from the date of registration hereof. This warrant will outlaw and cannot legally be paid four years after date, unless it is payable by its terms at a future date. Pay to ____ or order ____. Presented for payment but not paid for want of funds, this ____ day of ____, 19__. Treasurer of ________ County (Added by Stats. 1951, Ch. 336.)
  185. 53021.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Demand Warrants [53020 - 53023] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Demand warrants must be presented to the county treasurer; if they are not paid when presented, they must be registered and marked with an endorsement of nonpayment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Demand Warrants [53020 - 53023] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 53021. Demand warrants shall be presented to the county treasurer, and, if not paid on presentation, shall be registered and an endorsement of nonpayment made thereon. (Added by Stats. 1951, Ch. 336.)
  186. 53022.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Demand Warrants [53020 - 53023] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If a demand warrant is not paid when presented, it must earn interest starting on the registration date.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Demand Warrants [53020 - 53023] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 53022. Demand warrants not paid on presentation shall bear interest from date of registration at the rate adopted by the board, pursuant to Section 53300. (Amended by Stats. 1983, Ch. 1109, Sec. 3. Effective September 28, 1983.)
  187. 53023.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Demand Warrants [53020 - 53023] ( Article 2 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The county treasurer must pay demand warrants registered for nonpayment in registration order, or in a different written order agreed to by all holders if the treasurer approves it.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 2. Demand Warrants [53020 - 53023] ( Article 2 added by Stats. 1951, Ch. 336. ) ## 53023. Demand warrants registered for nonpayment shall be paid by the county treasurer either in the order of registration or in the order agreed to, in writing, by all of the holders of the district’s outstanding demand warrants, if the county treasurer approves the agreement. (Amended by Stats. 1983, Ch. 1109, Sec. 4. Effective September 28, 1983.)
  188. 53040.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    The board may issue and sell time warrants after filing the assessment roll and directing annual installment payments, and the installment period cannot exceed five years or the maturity of certain time warrants.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53040. When the board has filed an operation and maintenance assessment roll in the office of the county treasurer, and has directed an assessment levied against that roll to be paid in annual installments, it may issue and sell, or otherwise dispose of, time warrants based upon, and in anticipation of, the collection of such assessment levy, to pay the expenses for the payment of which the assessment was levied on a cash basis, or for the purpose of paying any outstanding warrants payable from such assessment levy. The period over which annual installments of the assessment shall be paid shall not exceed five years or the maturity of time warrants issued pursuant to Section 53042.5. (Amended by Stats. 1979, Ch. 140.)
  189. 53041.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Time warrants may be issued in a specified form, bear interest until paid, and are payable from the district’s maintenance fund through the county treasurer when presented.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53041. Time warrants may be in substantially the following form: Face No. ________ _____ $________ Office of the Board of Trustees of Reclamation District No. ____. ______, California The Treasurer of ____ County will, on the ____ day of ____, 19__, pay to the order of ____ out of Reclamation District No. ____ maintenance fund, the sum of ____ dollars ($____), together with interest on said sum from date of registration of this warrant in the office of the county treasurer until paid at the rate of __ percent per year, the interest payable on January 1st and July 1st of each year until this warrant is paid in full, upon the presentation of this warrant to said county treasurer. This warrant is one of a series of warrants aggregating in face amount ____ dollars ($____) all issued by the above-named reclamation district, and payable out of the proceeds of levies made by the board of trustees of said district by order entered on the minutes of said board on the ____ day of ____, 19__, against an operation and maintenance assessment filed in the office of the treasurer of the above-named county on the ____ day of ____, 19__. This warrant and each of the warrants of said series are payable exclusively from the proceeds of said levies when collected. Dated this ____ day of ____, 19__. _____ _____ _____ _____ Trustees Attest: _____ _____ Secretary _____ Reverse Registered this ____ day of ____, 19__. ________ Treasurer of ____ County This warrant will outlaw four years after it matures and cannot thereafter be legally paid unless extended by order of the board of trustees on or before maturity. Interest Endorsements Date Due Date Paid Amount Paid Transfer Endorsements (Added by Stats. 1951, Ch. 336.)
  190. 53042.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Time warrants may not be issued or remain outstanding above the stated dollar limits.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53042. The time warrants which may be issued to mature in any year shall not exceed the amount of the assessment installment payable in such year, and the principal amount of time warrants which is outstanding at any time shall not exceed an amount determined by multiplying the number of acres within the district by five dollars ($5). (Added by Stats. 1951, Ch. 336.)
  191. 53042.5.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Time warrants can exceed the usual amount and five-year maturity limit if approved at a special election.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53042.5. Time warrants may be issued for more than the amount set forth in Section 53042 and with a maturity longer than five years, provided that a special election is held pursuant to Chapter 3 (commencing with Section 50800) of Part 4 of this division, at which election the principal amount and maturity of such warrants and the purpose for which they are issued are approved by a majority of the votes cast. (Added by Stats. 1978, Ch. 1108.)
  192. 53043.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Time warrants may not be issued, sold, or disposed of for less than their face amount plus accrued interest to the delivery date.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53043. No time warrants shall be issued, sold, or disposed of for less than the face amount thereof and accrued interest thereon to date of delivery. (Added by Stats. 1951, Ch. 336.)
  193. 53044.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Money from selling time warrants must be deposited into the maintenance fund.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53044. The proceeds from the issuance and sale of time warrants shall be deposited in the maintenance fund and shall be applicable to the payment of the expenses payable from that fund, or to the payment of outstanding warrants to the same extent as funds collected upon the operation and maintenance assessment levies. (Added by Stats. 1951, Ch. 336.)
  194. 53045.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Time warrants must be registered with the county treasurer before they are issued.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53045. Time warrants shall be registered with the county treasurer prior to their issuance. (Added by Stats. 1951, Ch. 336.)
  195. 53046.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Time warrants must be paid on their due date when presented and surrendered to the county treasurer.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53046. Time warrants shall be paid upon their due date upon presentation and surrender to the county treasurer. (Added by Stats. 1951, Ch. 336.)
  196. 53047.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    If time warrants are unpaid because funds are lacking, no further registration is required, and they keep earning interest after the due date until they are paid, reissued, extended, or canceled.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53047. If time warrants are not paid by reason of lack of funds, no further registration is required, and they shall continue to bear interest after their due date until paid, reissued, extended or canceled. (Added by Stats. 1951, Ch. 336.)
  197. 53048.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

    Verify source ↗

    Unpaid time warrants for lack of funds get priority and must be paid from the relevant operation and maintenance assessment collections before later demand warrants from the same assessment.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53048. Time warrants which are not paid on their due date because of lack of funds have priority and shall be paid out of the proceeds of the collection of the operation and maintenance assessment against which they have been issued, in preference to any demand warrants issued and registered after the date of regisration of such time warrants which are payable out of the same assessment. (Added by Stats. 1951, Ch. 336.)
  198. 53049.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. )

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    The county treasurer must pay all time warrants before they mature if the board requests it and enough funds are available, after outstanding demand warrants are paid.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 3. Time Warrants [53040 - 53049] ( Article 3 added by Stats. 1951, Ch. 336. ) ## 53049. The county treasurer, upon the request of the board, shall pay all time warrants before the maturity thereof, providing there are sufficient funds, after payment of all outstanding demand warrants, and all such time warrants shall be presented for payment. (Amended by Stats. 1953, Ch. 805.)
  199. 53070.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Warrants Drawn on Maintenance Fund [53070 - 53074] ( Article 4 added by Stats. 1951, Ch. 336. )

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    A demand warrant on the maintenance fund must say that it is drawn on that fund and is to be paid from it; it does not have to use the form required by Article 2.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Warrants Drawn on Maintenance Fund [53070 - 53074] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 53070. A demand warrant on the maintenance fund pursuant to Section 51546 shall designate that it is so drawn and is to be paid therefrom, and is not required to be in the form specified in Article 2 of this chapter. (Added by Stats. 1951, Ch. 336.)
  200. 53071.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Warrants Drawn on Maintenance Fund [53070 - 53074] ( Article 4 added by Stats. 1951, Ch. 336. )

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    If a demand warrant on the maintenance fund cannot be paid because the fund has insufficient money, the county treasurer must endorse that fact on the warrant.

    ## Water Code - WAT ## DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901] ( Division 15 added by Stats. 1951, Ch. 336. ) ## PART 9. WARRANTS [53000 - 53342] ( Part 9 added by Stats. 1951, Ch. 336. ) ## CHAPTER 1. Issuance, Registration and Payment [53000 - 53093] ( Chapter 1 added by Stats. 1951, Ch. 336. ) ## ARTICLE 4. Warrants Drawn on Maintenance Fund [53070 - 53074] ( Article 4 added by Stats. 1951, Ch. 336. ) ## 53071. A demand warrant drawn on the maintenance fund shall be presented to the county treasurer and, if there is insufficient money in the maintenance fund to pay it, endorsement of that fact shall be made on the warrant by the county treasurer. (Added by Stats. 1951, Ch. 336.)

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