SECTIONS 71910-71911 - California Statutes

WATER CODE

SECTION 71910-71911

71910. The board may advance general funds of the district to
accomplish the purposes of an improvement district formed pursuant to
this chapter.

71911. The board may repay the district for any advance of funds
from the proceeds of the sale of bonds authorized for the purposes of
the improvement district or as provided in Section 71616. To the
extent that advances made for improvements for which such bonds were
authorized are repaid from funds other than the proceeds of the sale
of bonds of the improvement district, the authority of the board to
issue bonds of the improvement district in a like amount or amounts
shall terminate. The treasurer shall maintain proper records and
accounts in which there shall be set forth all repayments of advances
to the extent that advances are made for the improvements for which
such bonds were authorized and, to the extent that such repayments
reduce the amount of bonds which may be issued on behalf of any
improvement district, the net principal amount of authorized but
unissued bonds of such improvement district.