ARTICLE 6. Indebtedness and Financing [16571. - 16580.]

Article 6 added by Stats. 1953, Ch. 72.

§§ 16571–16580 · 9 sections

• § 16571 A district may borrow money and incur or assume indebtedness, and issue bonds or other evidences of indebtedness.
• § 16572 A district may refund or retire any of its existing or assumed indebtedness.
• § 16573 No district shall incur any funded indebtedness which in the aggregate exceeds 20 percent of the assessed valuation of all real and personal property situated…
• § 16574 The board of directors or other officers of the district may not incur any debt or liability, either by issuing bonds or otherwise, in excess of the express…
• § 16575 A district may issue bonds for the purpose of acquiring or constructing any waterworks necessary or proper for carrying out the objects and purposes of the…
• § 16576 Notwithstanding any provision of this division limiting the amount of indebtedness which may be incurred by it, in order to repair and replace structures and…
• § 16577 A district may refinance any indebtedness incurred pursuant to Section 16576 by borrowing from the United States or any of its agencies and issuing in…
• § 16578 A district may accept, without limitation by any other provisions of this division requiring approval of indebtedness, contributions or loans from the United…
• § 16580 A district may contract with any state agency to finance any district improvement authorized by Section 16461 that is related to the provision of water for…