SECTIONS 75990-75991 - California Statutes

WATER CODE

SECTION 75990-75991

75990. As a condition to annexation, the petitioning district and
the annexing district may agree to any financial adjustments and may
provide for the payment by the petitioning district of such sums as
may be mutually determined to be just and equitable as compensation
for any benefits that it may receive by virtue of the annexation.

75991. Bonds of the petitioning district may be voted upon and
issued in the manner provided for the incurring of bonded
indebtedness of the district and may thereafter be delivered at not
less than par value to constitute payment under Section 75990.