SECTIONS 71852-71854 - California Statutes

WATER CODE

SECTION 71852-71854

71852. A district may issue bonds pursuant to Chapters 2
(commencing with Section 71860) and 5 (commencing with Section 71940)
of this part for the purpose of providing money required to be paid
to any district or authority organized under the Metropolitan Water
District Act or the County Water Authority Act by the board of
directors of such district or authority as all or part of the terms
and conditions upon which the corporate area of the district may be
annexed to the metropolitan water district or county water authority.
The amount of such bonds may include the expenses of all proceedings
for the authorization, issuance, and sale of the bonds.

71853. A district may issue revenue bonds for any purpose for which
general obligation bonds may be issued. Such revenue bonds may be
issued pursuant to the Revenue Bond Law of 1941 or any other law
which by its terms is applicable to districts formed under this
division.

71854. A district that has outstanding revenue bonds which were
approved by more than two-thirds of the votes cast at the election
authorizing such bonds may incur a bonded indebtedness pursuant to
this part for the purpose of refunding such revenue bonds, whether or
not such revenue bonds are then due, and for the payment of all
incidental expenses in connection with the refunding of such revenue
bonds. Such general obligation bonds shall be authorized, issued, and
sold in all respects as provided in this part for the authorization,
issuance, and sale of general obligation bonds of a district.