SECTIONS 47325-47327 - California Statutes

WATER CODE

SECTION 47325-47327

47325. At least 90 days before any interest date of the bonds, the
treasurer of the district shall certify to the county treasurer of
each affected county an estimate of the amount of money and the
percentage of the assessment together with the interest thereon, or
only of the interest, necessary to pay interest and principal or the
interest maturing on the interest date after crediting thereon the
funds in the treasury applicable to the payment thereof, to be
collected by such county treasurer, and shall add thereto 15 percent
of such aggregate sum to cover possible delinquencies. In determining
the amount of the funds in the treasury applicable to such payment
and to be so credited, the treasurer of the district shall not take
into account the bond reserve fund, if any, applicable thereto unless
he is directed to do so by the board in accordance with the terms
upon which the bond reserve fund was established.

47326. Each county treasurer shall cause to be published once a
week for two successive weeks in the county of which he is county
treasurer a notice substantially in the following form:

(Name of water storage district.) Notice is hereby given that an
installment of assessment (describing it) or (amount or proportion
thereof including interest thereon or only for interest) is payable
within 30 days from date by all assessed landowners of said district
in the county of (name of county) to the treasurer of said county.
All or any part of said installment of interest which remains unpaid
on the (day fixed) will be delinquent, together with accrued interest
thereon, with 10 percent of such installment and interest added as
penalty.

Dated, _________________________________________.
(Signed) _______________________________________,
Treasurer of
_____________ County.

If no newspaper is published in the county, publication shall be
made in a newspaper published in an adjoining county.

47327. If any part of the installment or any interest thereon
remains unpaid at the expiration of 30 days from the date of the
notice, it becomes delinquent, and 10 percent of the unpaid amount of
the installment and interest shall be added thereto and collected by
the county treasurer.