Section 71980 Of Article 1. Initiation Of Proceedings From California Water Code >> Division 20. >> Part 7. >> Chapter 7. >> Article 1.
71980
. Whenever the board deems it necessary to incur a bonded
indebtedness for the acquisition, construction, completion, or repair
of any or all improvements, works or property mentioned in this
division, and to provide for such bonded indebtedness payable
exclusively from the revenues of an enterprise acquired, constructed,
improved or financed for the benefit of an area less than all of the
district, the board shall, by resolution, declare its intention to
form a revenue improvement district and to incur such indebtedness.