Water Code section 71992

The resolution calling the revenue bond election shall be adopted, contain the statement, be published and provide for issuance of the revenue bonds in accordance with Article 3 (commencing with Section 54380 of the Government Code) of the Revenue Bond Law of 1941, except as otherwise required by law and this chapter, and, in addition, the resolution shall state:

(a)

That the board deems it necessary to incur the bonded indebtedness.

(b)

The revenue improvement district to be benefited by the bonded indebtedness, as set forth in the resolution of formation of the revenue improvement district, and that a map showing the exterior boundaries of the revenue improvement district is on file with the secretary, which map shall govern for all details as to the extent of the revenue improvement district.

(c)

That the votes of a majority of all voters voting on the proposition are required to authorize the issuance of the revenue bond.

Source: Section 71992, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=WAT§ionNum=71992.­ (accessed May 4, 2025).

Last Updated

Apr. 24, 2025

§ 71992’s source at ca​.gov