SECTIONS 25650-25656 - California Statutes

WATER CODE

SECTION 25650-25656

25650. Each district by its board each year within 15 days after
the close of its session as a board of equalization shall levy an
annual assessment upon the land within the district in an amount
sufficient to raise all of the following:
(a) Interest due or that will become due on all outstanding bonds
of the district and interest which the board believes will become due
on district bonds authorized but not sold, all respectively before
the close of the next ensuing calendar year.
(b) Principal of all bonds of the district that have matured or
that will mature before the close of the next ensuing calendar year.
To the extent that provision is otherwise made as permitted by law
for the payment of bond principal and interest, levies for principal
and interest pursuant to this section need not be made.

25651. (a) If a refunding bond plan or modification of it provides
for the raising of a fixed amount each year to be applied to the
payment of interest on or redemption of refunding bonds in the manner
provided in the refunding plan or modification of it, the annual
assessment shall include a levy in the amount required to be raised
by assessment in that year pursuant to the plan or modification of
it.
(b) If the proceedings in connection with the issuance of
refunding bonds or modification of them provides for the raising of
an amount to be paid annually into a sinking fund to pay the
principal or interest of the refunding bonds, the annual assessment
shall include a levy in an amount sufficient to provide the sinking
fund payments for the current year. The amount required to be raised
for the sinking fund shall be reduced by the amount of surplus funds
from other sources in the sinking fund in excess of the amount
required to be therein at the time of levying the current annual
assessment.

25652. The annual assessment shall also include a levy sufficient
to pay all of the following:
(a) Sums due or that will become due from the district before the
close of the next ensuing calendar year on account of rentals or
charges for property acquired by the district under lease or
contract.
(b) Sums due or that will become due from the district before the
close of the next ensuing calendar year on account of contracts for
power or fuel for the pumping of water for irrigation within the
district, the payment of the cost of which power or fuel has not been
provided for in any other manner.
(c) All outstanding warrants of the district due or to become due
before the close of the next ensuing calendar year.
(d) All obligations of the district which have been reduced to
judgment.

25653. The annual assessment may include a levy sufficient to raise
any or all of the following:
(a) The amount that the board determines is necessary for a
depreciation fund for the replacement or reconstruction of any
specific units of its works.
(b) The amount that the board determines is necessary, not to
exceed 4 percent of the aggregate value of the land according to the
latest equalized assessment, and not otherwise provided for, to pay
for the maintenance and operation of the district for the ensuing
calendar year.
(c) The amount that the board determines is needed to be raised by
assessment for any other district purposes not exceeding 4 percent
of the aggregate value of the land according to the latest equalized
assessment.
(d) An amount not exceeding 1 percent of the total assessed value
of the land that the board deems proper to pay into the bond fund to
be used for the purchase of bonds of the district not yet due or for
payment into a fund to pay such bonds as they become due.

25654. The annual assessment may include a levy on land included by
inclusion proceedings subsequent to formation of the district
sufficient to pay the obligations as they accrue assumed by the
included land in the proceedings including it.

25655. A district may in lieu either in whole or in part of levying
the annual assessments for district purposes use any revenue derived
prior to or during the next enusing calendar year from charges which
the district may fix and collect pursuant to Section 22280.

25656. At the time of levying the annual assessment, there shall be
added by the board to the annual assessment on land within any
improvement district or distribution district within any district:
(a) The installment, if any, for which the land is liable in that
year by reason of an improvement district or distribution district
assessment levied pursuant to Chapter 1 or 2 of Part 7 or Part 6.5 of
this division.
(b) An amount which the board may consider necessary for the
operation of the works in or for the improvement district or
distribution district for the ensuing year.