SECTIONS 74750-74756 - California Statutes

WATER CODE

SECTION 74750-74756

74750. The treasury of the principal county is the repository of
all the funds of a district. For this purpose, the treasurers of any
other counties wherein is situated a portion of the district, shall,
at any time, not more often than twice a year, upon the order of the
board, settle with the board and pay over to the treasurer of the
principal county all moneys in their possession belonging to the
district. The treasurer of the principal county shall receive and
receipt for such moneys, and place such moneys to the credit of the
district. He shall be responsible upon his official bond for the
safekeeping and disbursement, in the manner provided in this
division, of these and all moneys of the district held by him.

74751. No claim shall be paid by the treasurer until allowed by the
board.

74752. The treasurer shall pay out the moneys of the district only
upon warrants of the county auditor, drawn upon order of the board
signed by the president and attested by the secretary.

74753. Upon presentation of any matured bond, or any matured
interest coupon on any bond of the district, the treasurer shall pay
it from the bond fund. If funds are not available for the payment of
any such matured bond or interest coupon, it shall draw interest at
the rate of 7 percent per annum from the date of its presentation for
payment until notice is given that funds are available for its
payment, and it shall be stamped and provision made for its payment,
as in the case of a warrant for the payment of which funds are not
available on its presentation.

74754. The treasurer shall report in writing at each regular
meeting of the board, and as often thereafter as requested by the
board, the amount of money on hand, the amount of receipts since his
last report, and the amounts paid out. Such reports shall be verified
and filed with the secretary.

74755. As an alternative to the functions of the county treasurer
and the county auditor provided in this chapter, the board may elect
to disburse funds of the district. Such election shall be made by
resolution of the board and the filing of a certified copy thereof
with the county treasurer. The county treasurer shall thereupon
deliver to the district all funds of the district. Such funds shall
be deposited by the board in a bank or banks approved for deposit of
public funds and shall be withdrawn only by written order of the
board, signed by the president and secretary. The order shall specify
the name of the payee, the fund from which it is to be paid and
state generally the purpose for which payment is to be made. Such
order shall be entered in the minutes of the board. The board shall
appoint a treasurer who shall be responsible for the deposit and
withdrawal of funds of the district. The treasurer shall deposit with
the district, prior to October 1 of each year, a surety bond in an
amount annually fixed by the board. The deposit and withdrawal of
funds of the district shall thereafter be subject to the provisions
of Article 2 (commencing with Section 53630), Chapter 4, Part 1,
Division 2, Title 5, of the Government Code. Any district electing to
disburse funds pursuant to this section shall file with the board of
supervisors an annual audit of such disbursements which meets the
approval of the board of supervisors.

74756. The election made pursuant to Section 74755 may be rescinded
by resolution of the board. No later than 30 days following any such
rescission, the treasurer appointed pursuant to Section 74755 shall
deliver all district funds to the county treasurer together with a
certified copy of the resolution of rescission, whereupon the county
treasurer and county auditor shall commence to act as provided in
this chapter.