SECTIONS 75350-75359 - California Statutes

WATER CODE

SECTION 75350-75359

75350. As used in this part:
(a) "Ensuing fiscal year" means the fiscal year in which the board
is required to furnish the annual estimate, as provided in this
chapter.
(b) "Following fiscal year" means the fiscal year which next
follows the ensuing fiscal year.

75351. The board shall, on or before the 10th day of July of each
fiscal year, furnish the board of supervisors and the auditor of each
affected county, an estimate in writing of the amount of money
needed for the purposes of the district for the ensuing fiscal year,
for any reserve funds necessary for the first six months of the
following fiscal year, and to provide for the prompt payment, when
due, of principal and interest on bonds.

75352. The amount in the annual estimate shall be sufficient to
raise a sum of money which shall be sufficient to pay all of the
following:
(a) The incidental expenses of the district.
(b) The costs of the work of spreading and sinking waters which
the board deems advisable to be done during the ensuing fiscal year.
(c) The estimated costs of repairs to and maintenance of any
property or works of the district.
(d) The amount of any indebtedness (other than bonded debt) of the
district currently due or to become due in the ensuing fiscal year.
(e) The amount deemed necessary by the board for reserve funds to
meet the costs and expenses of the district during the first six
months of the following fiscal year.
(f) The estimated amount necessary for the payment of the costs of
any action or proceeding which may be taken by the district,
including the cost of employment of attorneys and engineers.

75353. If bonds have been voted and sold by the district, the board
shall include in the annual estimate an amount which, together with
any moneys available therefor in the bond fund, shall be at least
sufficient to pay all bond principal and interest coming due during
the ensuing fiscal year and also during that part of the following
fiscal year before the proceeds of an assessment tax levied at the
time for making the general tax levy in such following fiscal year
can be made available for the payment thereof, and such estimate each
year shall include an amount clearly sufficient to provide for the
payment of principal of and interest on bonds of the district as the
same become due.

75354. If bonds have been voted but not sold, and the board expects
to sell such bonds prior to the end of the ensuing fiscal year,
there shall be included in the annual estimate an amount estimated to
be sufficient to provide for the payment of all principal and
interest of such unsold bonds which the board believes will come due
during the ensuing fiscal year and also during that part of the
following fiscal year before the proceeds of an assessment tax levied
at the time for making the general tax levy in such following fiscal
year can be made available for the payment thereof.

75355. If the district has voted a special assessment as provided
in Chapter 3 (commencing with Section 75390) of this part, the board
shall include in the annual estimate the amount of the installment of
the special assessment to be levied each year.

75356. The annual estimate may also include such an amount as the
board deems advisable to expend in the acquisition or construction of
settling basins, wells, dams, reservoirs, and other works for the
storing, spreading, and sinking of waters, together with canals,
ditches, conduits, and necessary rights-of-way for use of all such
works.

75357. Except as provided in Section 75358, the assessment levied
during any year pursuant to this chapter shall not exceed two and
one-half mills ($0.0025) on each one hundred cents ($1) of the
assessed value of the lands within the district, according to the
last assessment rolls; provided, that the assessment levied during
any year pursuant to this chapter shall not exceed five mills
($0.005) on each one hundred cents ($1) of the assessed value of the
lands within the district, according to the last assessment rolls, in
any district in which such limitation is approved by the voters of
the district at an election held within the district at which a
majority of the voters voting on the proposition approve such
limitation. Such election may be called by the board and consolidated
with any other election held within the district, and the manner of
holding and conducting the election shall be in accordance with the
general laws of the state relative to elections at which propositions
are submitted and voted upon. This limitation shall not apply to a
special assessment levied pursuant to Chapter 3 (commencing with
Section 75390) of this part or assessments for the payment of the
principal and interest on bonds.

75358. If the proceeds of bonds voted for the acquisition of
properties for, or the construction of, any works or projects of the
district are insufficient to pay the cost of such properties, works,
or projects, then, in addition to the assessments mentioned in
Section 75357, an assessment may be levied not to exceed one mill
($0.001) on each one hundred cents ($1) of the assessed value of
lands within the district for not to exceed five fiscal years, for
the payment of the remaining cost of such properties, works, or
projects; provided, however, that no district shall levy more than
one such special one mill ($0.001) assessment at any one time.

75359. When a district is in more than one county, the total annual
estimate shall be divided by the board in proportion to the value of
the land of the district in each county. This value shall be
determined from the equalized values of the last assessment rolls of
such counties, as revised by the boards of supervisors. When such
division of the estimate has been made, the board shall furnish the
board of supervisors and auditor of each affected county a written
statement of the part of the estimate apportioned to that county.