Section 99015 Of Chapter 1. Benefit Assessment Districts From California Public Utilities Code >> Division 10. >> Part 11. >> Chapter 1.
99015
. Special benefit assessments for the payment of the principal
of, and interest on, bonds issued for a benefit district or zone
shall be levied in the benefit district or zone at rates that are
sufficient in the aggregate, together with revenues already collected
and available, to pay the principal of, and interest on, all bonds
the authority issued for the benefit district or zone. Other revenues
of the operator shall be used for the payment of the principal of,
and interest on, the bonds only to the extent set forth in any
agreement of the authority for the benefit of bondholders.
Special benefit assessments in the benefit district and zones, if
any, therein shall be calculated in accordance with the requirements
set forth in Section 4 of Article XIII D of the California
Constitution.