Annually on or before August 1st, the commission shall furnish to the board of supervisors and auditor of the county an estimate in writing of the amount of money necessary to be raised by taxation for the purposes of the district for the ensuing fiscal year. The amount shall be sufficient to pay:

(a) The interest on all outstanding bonds of the district which will become due during the ensuing fiscal year.

Terms Used In California Streets and Highways Code 8220

  • Board: means board of supervisors of the county in which the district or proposed district is situated. See California Streets and Highways Code 8101
  • Commission: means the commission provided in Chapter 3 of this part. See California Streets and Highways Code 8101
  • Contract: A legal written agreement that becomes binding when signed.
  • County: means the county in which the district or proposed district is situated. See California Streets and Highways Code 8101
  • District: means separation of grade district. See California Streets and Highways Code 8101
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • maintenance: includes any of the following:

    California Streets and Highways Code 27

  • Project: means an overpass, underpass, or tunnel, or any combination thereof, at a single crossing, the planning, construction and maintenance of which is authorized by this part. See California Streets and Highways Code 8101
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(b) The principal of all outstanding bonds of the district which will mature during the ensuing fiscal year.

(c) The amount necessary to pay the contract price of any contract which was to be paid by a tax levied on the real property within the district as herein provided.

(d) The estimated cost of repairs and maintenance of the project and the running expenses of the district.

(e) The amount necessary for preliminary engineering and other expenses incurred prior to the issuance and sale of bonds.

(f) In the first tax levy, the amount, if any, required to be raised to pay principal of or interest on any notes issued by the district as authorized herein.

(Amended by Stats. 1970, Ch. 17.)

  Previous section
Next section  
 Chapter 9 Contents