SECTIONS 47700-47701 - California Statutes

WATER CODE

SECTION 47700-47701

47700. Upon the call of any assessment, or portion thereof, as
provided in this division the board shall ascertain the total net
revenue which has been derived by the district from the generation of
electric power since the call of the last preceding assessment, or
portion thereof.

47701. From the assessment called upon each tract of land which has
been assessed for the costs of the properties comprising the portion
of the project to be used for the generation of electric energy,
there shall be deducted by the county treasurer of each affected
county an amount equal to such proportion of the total net revenue
ascertained to have been derived from the generation of electric
energy as the portion of costs assessed under Chapter 2 of this part
against the tract bears to the total of such costs. In making the
deduction, fractions of cents upon each tract shall be disregarded
and no error in the computation of the deduction shall invalidate any
such call.