Section 36424 Of Chapter 4.9. Alternative Provisions For The Formation Of Improvement Districts And The Issuance Of Bonds Therefor From California Water Code >> Division 13. >> Part 6. >> Chapter 4.9.
36424
. 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 general obligation bonds and warrants
of said district for such improvement district as they become due and
also for the payment of operating expenses of said 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 general
obligation bonds and warrants of the district for said improvement
district and the interest thereon as the same becomes due and also to
pay operating expenses for said improvement district.