ARTICLE 5. Powers—Generally [72067 - 72071.1]
( Article 5 added by Stats. 1975, Ch. 291. )
The board may exercise all of its powers and duties in regard to improvement districts established by this chapter in the same manner as to improvement districts otherwise formed under the provisions of this division, in addition to the manner otherwise provided in this chapter.
(Repealed and added by Stats. 1975, Ch. 291.)
Any portion of the district, whether contiguous or not to an improvement district established by this chapter, may be annexed to such improvement district in the manner provided in Chapter 1 (commencing with Section 72670) of Part 11 of this division.
(Repealed and added by Stats. 1975, Ch. 291.)
Any portion of the district may be excluded from an improvement district established by this chapter in the manner provided in Chapter 5 (commencing with Section 72040) of this part.
(Added by Stats. 1975, Ch. 291.)
The board may advance general funds of the district to accomplish the purposes of an improvement district performed pursuant to this chapter.
(Added by Stats. 1975, Ch. 291.)
The board may repay the district for any advance of funds, together with interest, at a rate not to exceed the interest value of money to the district, from any combination of the following sources:
(a) The proceeds of the sale of bonds authorized for the purposes of the improvement district.
(b) The taxes levied exclusively upon the taxable property in the improvement district.
(c) Revenue derived from any source set forth in Section 72077 hereof.
(Repealed and added by Stats. 1975, Ch. 291.)
The board may levy an ad valorem property tax in each improvement district established pursuant to Article 3 (commencing with Section 72062) of this chapter, sufficient to pay the share of the maintenance and operation costs of any improvements constructed from the proceeds of bonds authorized pursuant to this chapter, for each such improvement district. The authorization of the bonds by the voters shall constitute authorization of the ad valorem property tax herein provided and no election need be held as provided in Chapter 3 (commencing with Section 2201) of Part 4 of Division 1 of the Revenue and Taxation Code.
(Added by Stats. 1975, Ch. 291.)