Section 102336 Of Article 7. Property Taxation From California Public Utilities Code >> Division 10. >> Part 14. >> Chapter 5. >> Article 7.
102336
. In addition to the general tax levy as set forth in Section
102331, if from any cause the revenues of the district are, or are
expected to be, inadequate in any year to pay the principal of,
interest on, or sinking fund payments for bonds of the district as
they become due, or to establish or maintain any reserve fund
therefor, the board shall levy for district purposes and collect upon
all property in the district taxable for district purposes as
provided in this article, a tax sufficient, together with revenues
already collected and available therefor, to pay the interest on the
bonds that will become due and such part of the principal thereof,
including any sinking fund installments required by any of the
district's agreements with its bondholders, that will become due
before the proceeds of a tax levied at the next general tax levy will
be available for such purposes, and sufficient to provide or to
restore such reserve fund to the amount required by any of the
district's agreements with its bondholders.