Section 71616 Of Article 1. Development And Sale From California Water Code >> Division 20. >> Part 5. >> Chapter 2. >> Article 1.
71616
. A district, so far as practicable, shall fix such rates for
water in the district, and in each improvement district therein, as
will result in revenues which will:
(a) Pay the operating expenses of the district and the improvement
district.
(b) Provide for repairs and depreciation of works.
(c) Provide a reasonable surplus for improvements, extensions, and
enlargements.
(d) Pay the interest on any bonded debt.
(e) Provide a sinking or other fund for the payment of the
principal of such bonded debt as it becomes due.
(f) Repay advances, together with interest at a rate not to exceed
the interest value of money to the district, made from the district
to an improvement district.