SECTIONS 47300-47305 - California Statutes

WATER CODE

SECTION 47300-47305

47300. The lien of any unpaid assessment upon which bonds have been
issued continues until all the bonds have been paid in full.

47301. If for any reason any part of the principal or interest of
the bonds remains unpaid after enforcement of the assessment as
provided in this division, the board shall order an additional or
supplemental assessment to be made as provided in this division
sufficient to pay the unpaid principal and interest.

47302. The additional or supplemental assessment shall be enforced
and collected in the same manner as the original assessment.

47303. Where bonds of the district have been authorized to be
issued on the assessments, all unpaid assessments bear interest at
the rate of 7 percent per year from the date of the bonds issued
thereon until the bonds have been fully paid and discharged.

47304. The interest due at any time on unpaid assessments may be
called without calling any installment of the assessment.

47305. The word installment as used in this chapter shall be
construed as applying to interest as well as to principal, as the
case may be.