CHAPTER 1. Funds and Warrants [35900. - 35912.]
Chapter 1 added by Stats. 1951, Ch. 390.
§§ 35900–35912 · 14 sections
- § 35900 The treasurer shall receive to the credit of the district and in trust for its use and benefit all the money belonging to the district.
- § 35901 All money belonging to the district, or to which the district is entitled, shall, when received, be paid by the person receiving it to the treasurer.
- § 35902 The treasurer shall establish for the district a general obligation bond fund and a general fund and shall apportion the district money to the funds as…
- § 35903 The money placed in the general obligation bond fund shall be used for the payment of bonds and of the interest thereon and until the total bonded indebtedness…
- § 35903.5 (a) Notwithstanding the provisions of Section 35903, any amount in the general obligation bond fund in excess of the amount needed to pay principal and…
- § 35904 Any money belonging to a district may be deposited by the treasurer pursuant to the general laws governing the deposit of public money.
- § 35905 Where the deposit of money is insured by the Federal Deposit Insurance Corporation no additional security need be required from the bank for the portion of the…
- § 35906 Except for the payment of bonds and the interest thereon district money shall not be paid out by the treasurer unless a warrant therefor has been drawn and…
- § 35907 Warrants are contracts in writing for the payment of money and an action based on warrants payable on demand shall be commenced within four years from the date…
- § 35908 In any proceeding for a writ of mandate to compel the board to issue a warrant, the court shall proceed as in other civil actions and shall cause a writ to…
- § 35909 The board of directors may provide for a bond reserve fund for the purpose of payment of the principal of or interest on bonds of the district as the same…
- § 35910 All or any portion of a bond reserve fund may be established out of the proceeds of the sale of said bonds. In such case the estimate referred to in Section…
- § 35911 The resolution providing for the issuance of bonds may provide for a bond reserve fund to be established, in whole or in part, from water charges or annual…
- § 35912 Notwithstanding any other provision of law, the Irvine Ranch Water District may invest or reinvest its capital facilities replacement funds in real estate and…