Article 3. Formation Of Revenue Improvement District of California Water Code >> Division 20. >> Part 7. >> Chapter 7. >> Article 3.

At the conclusion of the hearing, the board shall by resolution determine whether it is deemed necessary to form the proposed revenue improvement district and to incur the bonded indebtedness. If so, the resolution shall state:
  (a) The purpose for which the proposed debt is to be incurred.
  (b) The estimated amount of the proposed debt.
  (c) That the exterior boundaries of the portion of the district which will be benefited are set forth on a map on file with the secretary, which map shall govern for all details as to the extent of the revenue improvement district.
  (d) That such portion of the district set forth on the map shall thereupon be formed and be known as "Revenue Improvement District No. ____ of ____ Municipal Water District."

The determinations made in the resolution of formation shall be final and conclusive.

After the formation of the revenue improvement district pursuant to this chapter, all proceedings for the purpose of a revenue bond election by the revenue improvement district shall be limited, and shall apply only to the revenue improvement district.

Except as otherwise provided by this chapter, after the formation of the improvement district pursuant to this chapter, the improvement district shall be a local agency for the purposes of the Revenue Bond Law of 1941 and the terms defined in the Revenue Bond Law of 1941 shall have the meaning therein set forth unless the context requires a different meaning.