Section 37207.1 Of Part 7.5. Alternative Provisions For Levy, Collection And Enforcement Of District Assessments By The County From California Water Code >> Division 13. >> Part 7.5.
37207.1
. (a) This section applies only to the Santa Margarita Water
District.
(b) If the board determines pursuant to Section 36424.1 to
designate areas within an improvement district for which the Santa
Margarita Water District has issued general obligation bonds, the
board shall submit to the county auditor and the board of supervisors
an estimate, in writing, of the amount of money required to be
raised by assessment for the payment of the amount allocated by the
board to each area for the payment of the principal of, and interest
on, the bonds issued for the improvement district. Upon receiving the
estimate, the board of supervisors shall levy an ad valorem
assessment upon all lands within each designated area that is
sufficient to raise the amount set forth in the estimate of the
board.
(c) The district shall reimburse the county for any additional
costs in carrying out the provisions of this section.