Code Section Group

Water Code - WAT

DIVISION 13. CALIFORNIA WATER DISTRICTS [34000 - 38501]

  ( Division 13 added by Stats. 1951, Ch. 390. )

PART 6. FINANCIAL PROVISIONS [35900 - 36458.1]

  ( Part 6 added by Stats. 1951, Ch. 390. )

CHAPTER 6. Adoption of Improvement Acts [36455 - 36458.1]

  ( Chapter 6 added by Stats. 1965, Ch. 268. )

ARTICLE 4. Assessments and Bonds for Agricultural Water Delivery Facilities [36458 - 36458.1]
  ( Article 4 added by Stats. 1965, Ch. 268. )

36458.
  

Bonds issued pursuant to this chapter for facilities for delivery primarily of agricultural water supplies, in accordance with the provisions of any of the improvement acts mentioned in this chapter, may extend over a period not exceeding 24 years from the 2nd day of January next succeeding the next September 1st following their date and may provide that the first maturity date shall be the 2nd day of January, three years succeeding the next September 1st following their date and shall be paid in equal annual installments on January 2nd thereafter until the whole principal amount with accrued interest is paid.

(Added by Stats. 1965, Ch. 268.)

36458.1.
  

In determining the amount of the assessments to be levied and bonds to be issued pursuant to this chapter, the board of directors may include bond interest for facilities for delivery primarily of agricultural water supplies estimated to accrue during the period of construction, but not exceeding three years from the date of issuance of said bonds.

(Added by Stats. 1965, Ch. 268.)

WATWater Code - WAT4