CHAPTER 1. General Financial Provisions

Chapter 1 added by Stats. 1943, Ch. 372.

§§ 24250–24275 · 11 sections

1. ARTICLE 1. Creation of Liabilities §§ 24250–24253 · 5 sections

   • § 24250 A district may not incur any debt or liability whatever in excess of the express provisions of this division. Any debt or liability so incurred is absolutely…
   • § 24251 For the purposes of formation or for any other of its purposes a district may, before the levying of the first assessment, incur indebtedness in a total amount…
   • § 24252 A district shall have the right to enter into any contract or lease for any property necessary in the judgment of its board for any of the uses or purposes of…
   • § 24252.1 A district may enter into any forward contract, or futures contract, or put, call, or swap agreement, or similar procurement method for electricity, natural…
   • § 24253 A district may contract with any state agency to finance any district improvement authorized by this division that is related to the provision of water for…
2. ARTICLE 2. Settlements and Statements §§ 24270–24275 · 6 sections

   • § 24270 On the first Monday in each month the collector shall do all of the following: (a) Settle with the secretary for all money collected for assessments during the…
   • § 24271 The collector shall be credited in his settlement with both: (a) The amount due to the district on property he sells to the district for delinquent…
   • § 24272 Within six days after he settles with the secretary, the collector shall file in the district office with the secretary a statement under oath, showing: (a) An…
   • § 24273 The treasurer shall not later than the third Monday in each month file in the district office with the secretary a verified written report to the board showing…
   • § 24274 The board, on or before its regular monthly meeting in the fourth month of its fiscal year, shall render a verified statement of the financial condition of the…
   • § 24275 Notification that the annual financial statement is available for inspection and review shall be made at least once a week for two weeks in a newspaper…