California Water Code 37207.1 – (a) This section applies only to the Santa Margarita Water …
(a) This section applies only to the Santa Margarita Water District.
(b) If the board determines pursuant to Section 36424.1 to designate areas within an improvement district for which the Santa Margarita Water District has issued general obligation bonds, the board shall submit to the county auditor and the board of supervisors an estimate, in writing, of the amount of money required to be raised by assessment for the payment of the amount allocated by the board to each area for the payment of the principal of, and interest on, the bonds issued for the improvement district. Upon receiving the estimate, the board of supervisors shall levy an ad valorem assessment upon all lands within each designated area that is sufficient to raise the amount set forth in the estimate of the board.
Terms Used In California Water Code 37207.1
- assessment: includes "standby charges" and other charges levied for the use of district water. See California Water Code 37210
- Board of supervisors: means the board of supervisors of each county within which a district is located. See California Water Code 37202
- County: includes city and county. See California Water Code 14
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(c) The district shall reimburse the county for any additional costs in carrying out the provisions of this section.
(Added by Stats. 2000, Ch. 25, Sec. 2. Effective May 24, 2000.)