California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 20. MUNICIPAL WATER DISTRICTS |
Part 8. FORMATION OF IMPROVEMENT DISTRICTS FOR PURPOSES OTHER THAN ISSUANCE OF BONDS |
Chapter 6. Issuance of Bonds and Payment of Debt Service by the Pomona Valley Municipal Water District |
ARTICLE 7. Determination of and Alternative Methods of Payment of Debt Service and Costs of Maintenance and Operation |
Section 72076.
Latest version.
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At the conclusion of the hearing, the board shall, by resolution, determine the following:
(a) The amount of the total debt service on any bond indebtedness incurred pursuant to this chapter and the amount of the maintenance and operation costs to be paid by each improvement district established hereunder, in accordance with the estimated benefits to be received by the landowners, water users, and inhabitants of each such improvement district.
(b) The method of payment of such debt service and maintenance and operation costs in each such improvement district.
(Repealed and added by Stats. 1975, Ch. 291.)