SECTIONS 8160-8164 - California Statutes

WATER CODE

SECTION 8160-8164

8160. Any city within the limits of which any drainage improvement
has been constructed, and which drainage improvement also lies within
the territorial limits of a flood control district, may, by
four-fifths vote of the legislative body of the city, transfer and
convey to the flood control district any drainage improvement; and,
if drainage improvements have been conveyed to and accepted by a
flood control district under the provisions of Article 2 of this
chapter, such flood control district shall accept any drainage
improvements conveyed to it by any city under this article.

8161. Thereupon the flood control district shall assume and provide
for the operation, maintenance, repair, and improvement of such
drainage improvements.

8162. From and after the date of transfer such flood control
district is solely liable for the payment of the principal upon the
general obligation bonds of any such drainage improvement district
and upon bonds of such district secured by and payable out of a fund
derived from specific or direct assessments which are a lien upon
particular parcels of land, issued pursuant to the Improvement Bond
Act of 1915, and for the payment of interest upon the bonded debt of
any such drainage district represented by coupons maturing subsequent
to the date of transfer.

8163. From and after the date of transfer no tax shall be levied
upon the lands within any such drainage district for the payment of
the subsequently maturing principal and interest upon the bonds of
such district, except such levy as may be made by the flood control
district. However, the lands within such drainage distict or
districts shall be and remain liable for the payment of all of the
following:
(a) All previously maturing principal and interest.
(b) All levies of drainage district taxes theretofore levied.
(c) All installments of specific assessments securing such bonds
which are payable or delinquent at the date of transfer.

8164. The proceeds of the collection of such drainage district
taxes and assessments shall be applied solely and exclusively to the
payment of the principal and interest for which they were levied and
the surplus, if any, of the proceeds of such collections shall be
deposited in the county treasury to the credit of the interest and
sinking fund of such flood control district and used solely and
exclusively for the payment of principal and interest of the bonds of
such flood control district.