SECTIONS 75210-75214 - California Statutes

WATER CODE

SECTION 75210-75214

75210. The improvement district assessment shall include a sum that
equals interest on any deferred payments at a rate not to exceed 8
percent per year, and 10 percent additional for anticipated
delinquencies.

75211. The improvement district assessment may be made payable in
not to exceed 10 annual installments and the board shall, at the time
of the levy of the annual assessments of the district, if any, add
to the amount of the annual assessment levied upon the lands within
the improvement district, such amount for which they may be liable by
reason of the levying of the improvement district assessment, and if
the annual district assessment is made payable in two installments,
the improvement district assessment or installment thereof shall
likewise be made payable in two installments.

75212. The improvement district assessment, or any installment
thereof, shall be and remain a lien on the lands in the same manner
as, and shall be a part of, the annual district assessment.

75213. The district shall issue warrants for the amount of the
improvement district assessment, which warrants shall be made payable
in amounts and at the times corresponding substantially to the
payment of the installments of the improvement district assessment
and shall bear interest at such rate of interest as may have been
fixed on the levy of the improvement district assessment. Such
warrants shall be payable only out of funds derived from the levy and
collection of the improvement district assessment.

75214. If the improvement district assessment is insufficient to
pay in full the cost of the improvements or pay the warrants issued
for such improvements, an additional and supplemental assessment
shall be made and levied upon all of the lands in the improvement
district sufficient to pay such cost or warrants in full, and the
procedure followed in making such additional and supplemental levy of
assessment shall be substantially the same as the levy of the
original assessment, but without the necessity of a petition.
If the proceeds from such additional and supplemental assessment
exceeds the final amount necessary to pay such cost or warrants in
full, the land paying such assessment shall be entitled to a credit
of such excess amount upon the next succeeding district annual
assessment levied upon such land.