Section 36251 Of Article 2. Authorization Of Bonds And Issuance From California Water Code >> Division 13. >> Part 6. >> Chapter 3.5. >> Article 2.
36251
. In the event the board determines to provide for the
issuance of general obligation bonds under the provisions of this
chapter, it shall prepare and adopt a plan of works and an estimate
of the amount of money necessary to raise for such purposes for which
bonds may be issued. The estimate required pursuant to this section
shall include every expense of the district which it is probable will
be incurred and become payable before the expiration of one year
from the completion of the works, including the interest on any bonds
of the district to be due and payable prior to the date for which
the money of the district then in the treasury or thereafter to be
received from an assessment previously levied is inadequate.