Section 72130 Of Chapter 3. Payments By Public Agencies In Lieu Of Taxes From California Water Code >> Division 20. >> Part 9. >> Chapter 3.

. Upon receipt of a certified copy of such declaration, the board of directors of the district may reject such declaration whenever the public agency has, in the preceding five-year period, declared its intention to utilize its funds in lieu of taxes and has failed to meet its obligations thereunder in a timely manner.