SECTIONS 71987-71990 - California Statutes

WATER CODE

SECTION 71987-71990

71987. At the conclusion of the hearing, the board shall by
resolution determine whether it is deemed necessary to form the
proposed revenue improvement district and to incur the bonded
indebtedness. If so, the resolution shall state:
(a) The purpose for which the proposed debt is to be incurred.
(b) The estimated amount of the proposed debt.
(c) That the exterior boundaries of the portion of the district
which will be benefited are set forth on a map on file with the
secretary, which map shall govern for all details as to the extent of
the revenue improvement district.
(d) That such portion of the district set forth on the map shall
thereupon be formed and be known as "Revenue Improvement District No.
____ of ____ Municipal Water District."

71988. The determinations made in the resolution of formation shall
be final and conclusive.

71989. After the formation of the revenue improvement district
pursuant to this chapter, all proceedings for the purpose of a
revenue bond election by the revenue improvement district shall be
limited, and shall apply only to the revenue improvement district.

71990. Except as otherwise provided by this chapter, after the
formation of the improvement district pursuant to this chapter, the
improvement district shall be a local agency for the purposes of the
Revenue Bond Law of 1941 and the terms defined in the Revenue Bond
Law of 1941 shall have the meaning therein set forth unless the
context requires a different meaning.