SECTIONS 24525-24530 - California Statutes

WATER CODE

SECTION 24525-24530

24525. The cost of improvement district improvements shall be paid
only out of the proceeds of an improvement district assessment levied
upon and collected from the land in the improvement district for
improvement purposes.

24526. Improvement district warrants shall be paid only out of the
proceeds of an improvement district assessment levied upon and
collected from the land within the improvement district for
improvement purposes.

24527. Improvement district warrants or their proceeds shall be
used solely for making the improvements for which the improvement
district was formed and the necessary incidental expenses.

24528. The cost of the improvement for an improvement district may
be paid immediately from either the general fund of the district or
from any special or construction fund available, the money advanced
to be returned to the fund from which taken upon the collection of
assessments for the improvement district or sale of improvement
district warrants.

24529. If the proceeds from any improvement district assessment
levied for improvement purposes exceeds the final amount necessary
for the purposes for which it was levied, the excess may be held in a
special fund to be used for the operation of the works of the
improvement district, be transferred to the general fund of the
district to be used as the board deems proper for the benefit of the
land in the improvement district, or be distributed to the holders of
title to land in the improvement district in the proportion that the
respective parcels of land contributed to the total collected from
the improvement district assessment, the holders of title to be
conclusively determined by the district assessment book last
equalized at the time the distribution is made, with unknown and
fictitiously named owners being disregarded.

24530. Receipts from assessments levied for the operation of
improvement districts and charges in lieu of the assessments, when
collected, shall be deposited in a separate fund for the benefit of
the improvement district to be used for its operation.