CHAPTER 3. Funds

Chapter 3 added by Stats. 1951, Ch. 391.

§§ 44750–44853 · 18 sections

1. ARTICLE 1. Proceeds of Bond Sales §§ 44750–44751 · 2 sections

   • § 44750 The proceeds of sale of district bonds shall be placed in the treasuries of the respective affected counties to the amount of the unpaid assessment in each…
   • § 44751 A proper record of the transaction shall be made upon the books of the district treasurer.
2. ARTICLE 2. Proceeds of Assessments §§ 44775–44778 · 4 sections

   • § 44775 The county treasurer shall deposit in the county treasury to the credit of the bond fund of the district all money collected upon any assessment upon which…
   • § 44776 Money collected upon any assessment upon which bonds have been issued shall be used exclusively for the payment of principal and interest of the bonds issued…
   • § 44777 The county treasurer shall transmit to the treasurer of the district all canceled bonds and coupons received in payment on any delinquent sale and a memorandum…
   • § 44778 Any balance remaining in the bond fund after payment in full of the principal and interest of all outstanding bonds of the district shall be transferred by the…
3. ARTICLE 3. Proceeds of Sale of Land §§ 44800–44806 · 8 sections

   • § 44800 Any parcel of land bid in and purchased by any county treasurer as trustee of the bond fund of the district may be sold and conveyed by him or his successor in…
   • § 44800.5 Any parcel of land bid in and purchased by any county treasurer as trustee of the bond fund of the district as provided in this division may, without notice,…
   • § 44801 Payment may be made either in cash or in matured bonds and coupons issued on the assessment, taken at their face value.
   • § 44802 The treasurer shall execute a deed to the purchaser upon the sale, conveying the property free of encumbrances, except as provided for deeds where no…
   • § 44803 If any land held by a county treasurer as trustee of the bond fund of a district remains unsold after the final installment of the assessment has been…
   • § 44804 Notice of the sale shall be given by publication once a week for two successive weeks in some newspaper published in the county in which the land is situated.
   • § 44805 The county treasurer shall deposit the proceeds of the sale in the treasury of the county to the credit of the bond fund of the district.
   • § 44806 Each county treasurer shall charge to the general fund of the district, or to the bond fund if he has no money to the credit of the general fund, the expense…
4. ARTICLE 4. Alternative Provisions for the Deposit of Funds §§ 44850–44853 · 4 sections

   • § 44850 This article provides an alternative procedure for the deposit of all, or any part of, proceeds of bond sales, proceeds of assessments and proceeds of sale of…
   • § 44851 The board may at any time, by resolution, elect to proceed under this article with respect to the deposit of funds of the district, and the board may at any…
   • § 44852 Any money belonging to a district may be deposited by the treasurer pursuant to the general laws governing the deposit of public money.
   • § 44853 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…