SECTIONS 52400-52402 - California Statutes

WATER CODE

SECTION 52400-52402

52400. As an alternate to any other method of financing available
to it, a district may, by resolution or indenture, create a special
indebtedness evidenced by revenue bonds to finance the costs of
carrying out a plan for any works, singly or as a whole.

52401. The proceedings for the issuance of revenue bonds shall be
had, the district shall have the powers and duties, and the
bondholders shall have the rights and remedies, all in substantial
accordance with and with like legal effect as provided in the Revenue
Bond Law of 1941 (Chapter 6 (commencing with Section 54300), Part 1,
Division 2, Title 5 of the Government Code); provided, however, that
when such proceedings are requested by the affirmative action of a
majority or more of the voters in the district, no election shall be
had, nor shall such action be subject to referendum.

52402. A district may, by resolution or indenture, prescribe and
revise charges for the services of its properties, works, and
facilities, singly or as a whole, or for the providing of such
properties, works, or facilities, or for their availability,
including minimum and standby charges. If new, increased, or extended
assessments are proposed, the district shall comply with the notice,
protest, and hearing procedures in Section 53753 of the Government
Code.