Section § 4100

Explanation

This section of the law states that any bonds sold for purposes under this chapter must be sold at their face value or more, including any interest that has built up. The money from selling these bonds must be put into a county treasury and credited to a special harbor fund, specifically created by the commission for this reason. The money can only be used for the purpose the bonds were issued for.

The commission can also receive donations, which must be added to the special fund and used only for the donated purposes. Money can only be taken out of this fund with a warrant from the county auditor, based on a written order from the commission and approval from the board.

All bonds sold for any purpose contemplated by this chapter shall be sold for not less than their par value and accrued interest. The proceeds shall be deposited in the treasury of the county and placed to the credit of a special fund designated, ____ harbor fund, created by order of the commission for that purpose, and the proceeds of the sale of the bonds shall be used solely and exclusively for the purpose for which they were issued.
The commission may receive donations and place them to the credit of the fund. These shall be used only for the purpose for which they were donated. Money shall not be paid out of the fund except upon warrant of the county auditor, issued upon the written order of the commission, and duly allowed and approved by the board.

Section § 4101

Explanation

Before voting on bonds, the board can manage tasks under this chapter by taking on or allowing debts or obligations up to a total of $5,000 for the whole county. They can audit, approve, and pay these amounts as part of their financial responsibilities.

Prior to the voting of bonds, the board may in all work under this chapter, incur, permit to accrue, audit, approve and pay any demand, debt or obligation against the county in a sum not to exceed five thousand dollars in the aggregate.

Section § 4102

Explanation

This law section explains that if the commission demonstrates a need, the board can approve extra spending of up to $5,000, but only if four out of five members agree. However, they can only release $1,000 at a time.

Upon a showing of necessity by the commission, the board may, by a four-fifths vote, permit the expenditure of an additional five thousand dollars. More than one thousand dollars shall not be appropriated at any one time.

Section § 4103

Explanation

This law states that initially, any required payments will come from the county's general fund. Once there's enough money in the harbor fund, it should repay the general fund. After that, all future payments should be made directly from the harbor fund.

All money shall be paid out of the general fund of the county until there is money in the harbor fund sufficient to reimburse the general fund of the county, when it shall be reimbursed, and thereafter all sums shall be paid out of the harbor fund.

Section § 4104

Explanation

This law allows the board, based on a commission's recommendation, to use funds from the harbor fund for improvements, development, or protection of a harbor alongside state or federal projects. The board can also choose to give all or part of the fund to state or federal governments for these purposes.

The board, on recommendation of the commission, may use any and all moneys in the harbor fund in conjunction with the State or Federal Government, in any harbor improvement, development or protection undertaken by the State or Federal Government, or it may place all or any moneys in such fund at the disposal of the State or Federal Government for use in the improvement, development or protection of the harbor.

Section § 4105

Explanation

This law requires the commission to create and submit a detailed report every six months to the board. This report must include how much money was in the harbor fund at the last report, any donations received since then and their purposes, the amount spent and the reasons for the spending, and the remaining balance in the fund.

The commission shall, once in each six months, make out and verify under oath, and file with the board, a detailed statement of its proceedings, showing:
(a)CA Harbors And Navigation Code § 4105(a) The amount of money in the harbor fund at the time of the last report.
(b)CA Harbors And Navigation Code § 4105(b) The amounts of all donations since received and the purpose for which the donations were made.
(c)CA Harbors And Navigation Code § 4105(c) The amount since expended, and the purpose for which it was expended.
(d)CA Harbors And Navigation Code § 4105(d) The balance remaining on hand in the fund.