Section 23914 Of Chapter 3.5. Alternative Provisions For The Formation Of Improvement Districts And The Issuance Of Bonds Therefor From California Water Code >> Division 11. >> Part 7. >> Chapter 3.5.
23914
. Except to the extent that provision has otherwise been made
by the board, as may be permitted by law, for the payment of the
principal of and interest upon bonds of the district for the
improvement district as they become due and also for the payment of
the operating expenses of such improvement district, the annual
estimate made by the board of the sum required by the district to
discharge all of its obligations shall, in addition to the other
amounts required to be included therein, include an amount sufficient
to pay the principal of bonds of the district for such improvement
district and the interest thereon as the same becomes due and also to
pay operating expenses for the improvement district.