Section 99009.  


Latest version.
  • After the formation of such benefit district within the district and after the assessments have been confirmed pursuant to this chapter, all proceedings for the authorization and issuance of bonds of the district for such benefit district shall be limited and shall apply only to the benefit district; and assessments for the payment of said bonds and the interest thereon, except as otherwise provided in the resolution of necessity, shall be levied exclusively upon the land in the benefit district, except for any right-of-way of a common carrier; and the revenues of the district shall be used only to the extent set forth in the resolution declaring the necessity. If zones have been established within the benefit district, the ad valorem assessment shall be imposed at a uniform rate throughout all zones of the benefit district to pay the principal and interest on all bonds of the district issued for the benefit district.

(Added by Stats. 1968, Ch. 1325.)