California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 20. MUNICIPAL WATER DISTRICTS |
Part 5. POWERS AND PURPOSES |
Chapter 3. Other Functions |
ARTICLE 2. Sewage, Waste, and Storm Water Disposal |
Section 71671.
Latest version.
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The revenues from the rates and charges for services and facilities furnished pursuant to this article may be used for the following purposes:
(a) To pay the operating and maintenance expenses of the facilities.
(b) To provide a reasonable surplus for improvements, extensions, and enlargements.
(c) To pay the interest on any bonded debt for the facilities.
(d) To provide a sinking or other fund for the payment of the principal of such bonded debt as it becomes due.
(Added by Stats. 1963, Ch. 156.)