36550-36560

WATER CODE
SECTION 36550-36560




36550.  As used in this part "board of supervisors" means the board
of supervisors of the principal county.



36551.  As used in this part "bond" means a general obligation bond.



36552.  Between the date on which the district was formed and 90
days thereafter, and between those dates annually thereafter, the
board shall file with the clerk of the board of supervisors an
estimate of the sum required by the district to discharge all of its
obligations:
   (a) That are unpaid and matured at that date.
   (b) That will mature during the next year.
   (c) That it is probable will be incurred and mature during the
next year.


36553.  The annual estimate shall specify the portion thereof which
will be required for the payment of bonds and of the interest on
bonds.


36554.  The annual estimate may include an amount to be determined
by the board but not to exceed 1 percent of the total assessed value
of the land, which sum shall be apportioned to the bond fund and used
for the redemption or purchase of unmatured bonds or for the
creation of a sinking fund to pay bonds as they become due.




36555.  The board shall deduct from the annual estimate the amount
it anticipates will be derived from sales of water by the district
and be available as needed to discharge its obligations during the
next year, and this amount shall not be included in the sum required
to be raised by assessment for that year.



36556.  If, at the time any annual estimate is required to be filed,
the board anticipates that the receipts from all sources will be
sufficient and available as needed to pay all the district's
obligations due and payable during the next year, the board, in lieu
of filing the estimate, may so report to the board of supervisors and
no assessment shall be levied for that year.



36557.  Immediately upon the formation of the district the board may
levy and collect the sum of fifty cents ($0.50) per acre for each
acre of land. The money collected shall be used by the board to pay
the preliminary expenses incurred in forming the district.



36558.  The board may from time to time by resolution provide for a
district fiscal year to commence and end at the dates specified in
such resolution.


36559.  If a fiscal year is adopted pursuant to Section 36558, in
lieu of submitting the annual estimate at the time set forth in
Section 36552, the board may, by resolution, establish that the
annual estimate required by Section 36552 shall be filed within 90
days from the beginning of the district's fiscal year so adopted. In
that event, the annual assessment made pursuant to Section 36570
shall be made between the first day of the fiscal year and 90 days
thereafter.


36560.  Assessments that are imposed pursuant to this part and Part
7.5 (commencing with Section 37200) to pay the principal of, and
interest on, general obligation bonds of a district or which are
issued by a district for an improvement district are ad valorem taxes
that are imposed in accordance with subdivision (b) of Section 1 of
Article XIII A of the California Constitution and are not, therefore,
subject to the procedures and approval process of Article XIII D of
the California Constitution. This section shall not be construed as
declaring that any other type of assessment is either exempt from, or
subject to, the procedures and approval process of Article XIII D of
the California Constitution.