Code Section Group

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 3. Payment and Collection [51500 - 51570]

  ( Chapter 3 added by Stats. 1951, Ch. 336. )

ARTICLE 1. General Provisions [51500 - 51503]
  ( Article 1 added by Stats. 1951, Ch. 336. )

51500.
  

The interest due on any unpaid unbonded assessment, or any part or installment thereof, may be called by the board without calling any installment of the assessment.

(Added by Stats. 1951, Ch. 336.)

51501.
  

All interest paid on any unbonded assessment shall be deposited with the county treasurer in the “warrant interest fund” and be used only for the payment of interest on warrants unless the board requests the county treasurer to transfer all or a part of the fund to the general fund or maintenance fund of the district.

(Amended by Stats. 1953, Ch. 879.)

51502.
  

At least 90 days before any installment of interest is due on any time warrants the board shall estimate the amount necessary to pay the interest, after crediting thereon the funds in the “warrant interest fund” applicable to the payment thereof, and shall add thereto 15 percent of the aggregate sum to cover possible delinquencies, and make a call on interest due on any unpaid unbonded assessment equivalent to the amount so estimated.

(Added by Stats. 1951, Ch. 336.)

51503.
  

All provisions of this division relative to the making of calls on any unbonded assessment, or installment thereof, and the sale of property for nonpayment thereof, and redemption thereof, are applicable to the making of calls for interest.

(Added by Stats. 1951, Ch. 336.)

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