SECTIONS 74570-74572 - California Statutes

WATER CODE

SECTION 74570-74572

74570. A district may cooperate and contract with one or more other
districts or public corporations or agencies, whenever, in the
opinion of the board, such cooperation or contract is desirable or
advantageous to the district.

74570.5. A district may contract with any state agency to finance
any district improvement authorized by this division that is related
to the provision of water for human consumption. The terms of the
contract shall be consistent with this division. Notwithstanding any
other provision in this division, the term of the contract may extend
up to 30 years.

74571. In furtherance of such cooperation a district may:
(a) Join with another district or districts organized under the
laws of this state in the acquisition, purchase or construction of
works or other property, real or personal, for the joint use or
benefit of the cooperating districts, and may raise any necessary
funds by assessments, bonds, or any other means authorized by law.
(b) Empower a cooperating district to conduct the actual
construction and operation of the works, or the actual acquisition of
the property, and may pay its agreed share of the cost or expense
thereof by delivering and turning over to the cooperating district
its bonds authorized therefor, such bonds to be received in payment
at not less than par value.

74572. If the district is annexed to a cooperating district, all
bonds of the annexed district authorized for payment of its agreed
share of the cost and expense of the construction and operation of
works or the acquisition of property by the annexing cooperating
district, shall be issued and shall be delivered to and received by
the annexing district at not less than par value. Such bonds shall
become the property of the annexing district and they may be
collected at maturity or sold by the annexing district at not less
than par value and the proceeds of sale applied to the purpose for
which the bonds were issued.