DIVISION 13. CALIFORNIA WATER DISTRICTS 34000-38501›PART 7. ASSESSMENTS 36550-37186›CHAPTER 1. Assessment 36550-36611›ARTICLE 1. Annual Estimate 36550-36560

§ 36554

California Water Code · 2018-11 edition · updated 2026-10-04 · California

The annual estimate may include an amount to be determined by the board but not to exceed 1 percent of the total assessed value of the land, which sum shall be apportioned to the bond fund and used for the redemption or purchase of unmatured bonds or for the creation of a sinking fund to pay bonds as they become due.

(Added by Stats. 1951, Ch. 390.)

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California Water Code

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