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DIVISION 20. MUNICIPAL WATER DISTRICTS 71000-73001›PART 7. BONDS 71852-71996›CHAPTER 7. Formation of Improvement Districts for Issuance of Revenue Bonds 71980-71996›ARTICLE 1. Initiation of Proceedings 71980-71985

§ 71980

California Water Code · 2026-09 edition · updated 2026-10-03 · California

Whenever the board deems it necessary to incur a bonded indebtedness for the acquisition, construction, completion, or repair of any or all improvements, works or property mentioned in this division, and to provide for such bonded indebtedness payable exclusively from the revenues of an enterprise acquired, constructed, improved or financed for the benefit of an area less than all of the district, the board shall, by resolution, declare its intention to form a revenue improvement district and to incur such indebtedness.

(Added by Stats. 1975, Ch. 229.)

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California Water Code

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