Section 25436 Of Chapter 18. Funding Bonds From California Streets And Highways Code >> Division 16. >> Part 1. >> Chapter 18.
25436
. The board of directors shall hear and determine all
objections presented at the hearing. The board may alter the
boundaries of the proposed funding district or change the amount for
which funding bonds are proposed to be issued, but it may not enlarge
the boundaries of the funding district or increase the amount of
bonds proposed to be issued. At the conclusion of the hearing, the
board of directors shall finally determine the boundaries of the
funding district and the zones therein and shall determine the amount
of funding bonds to be issued, and the proportions of the bonds to
be charged against each zone, which amounts shall not exceed the
benefits to be derived by the lands within the funding district from
the project for which the funding bonds are to be issued.