Section 71982 Of Article 1. Initiation Of Proceedings From California Water Code >> Division 20. >> Part 7. >> Chapter 7. >> Article 1.
71982
. The resolution of intention shall also state:
(a) The purpose for which the proposed debt is to be incurred and
a general description of the enterprise.
(b) The estimated amount of debt to be incurred, which may include
expenses of all proceedings for the authorization, issuance, and
sale of the bonds.
(c) That the bonds are to be revenue bonds, and shall be payable
exclusively from the revenues of the enterprise within such revenue
improvement district and that the bonds are not to be secured by the
taxing power of the district.