Section 8158 Of Article 2. Transfers By Counties From California Water Code >> Division 5. >> Part 1. >> Chapter 3. >> Article 2.
8158
. From and after the date of transfer no tax shall be levied
upon the lands within any such drainage district for the payment of
the subsequently maturing principal and interest upon bonds of such
district, except such levy as may be made by the flood control
district. However, the lands within such drainage district or
districts shall be and remain liable for the payment of all of the
following:
(a) All previously maturing principal and interest.
(b) All levies of drainage district taxes theretofore levied.
(c) All installments of specific or direct assessments theretofore
due or delinquent.
The proceeds of the collection of such drainage district taxes and
assessments shall be applied solely and exclusively to the payment
of the principal and interest for which they were levied, and the
surplus, if any, of the proceeds of such collections shall be
deposited in the county treasury to the credit of the interest and
sinking fund of the flood control district and used solely and
exclusively for the payment of principal and interest of the bonds of
the flood control district.