Chapter 6.1Loan Repayment Assessment Districts

Section § 10550

Explanation

This law allows a city or town that has taken a loan from the state to improve water or sewer systems to set up a special district that charges local property owners to help repay the loan. This process involves creating an assessment district and must follow specific procedures, with adjustments as necessary.

(a)CA Streets and Highways Code § 10550(a) If a municipality has entered into a contract with the state that includes a loan funded by the state for the purpose of financing the construction and installation of water or sewer system improvements in or along its streets that are of special benefit to land within the municipality, the municipality may conduct proceedings under this division for the formation of an assessment district for the purpose of levying an assessment to secure repayment of the loan.
(b)CA Streets and Highways Code § 10550(b) Except as otherwise provided in this chapter, the proceeding for the formation of the assessment district and the levy of the assessment shall be conducted in accordance with this division, with appropriate modifications to all resolutions and notices.
municipality loan water system improvements sewer system improvements assessment district loan repayment special benefit land local property assessment state-funded loan municipal proceedings street system installation infrastructure financing levy assessment repayment security public works funding municipal contracts
(Added by Stats. 2000, Ch. 253, Sec. 1. Effective January 1, 2001.)

Section § 10555

Explanation

This law specifies that the government must state in certain official decisions that any fees or charges they impose will be collected every year, rather than all at once.

The legislative body shall provide in the resolutions required under Sections 10200 and 10312 that the assessment will be collected in annual installments.
annual installments assessment collection government resolutions Sections 10200 Sections 10312 payment schedule yearly payments local government fees installment collection municipal assessment legislative resolution requirements assessment payment plan local tax assessment municipal policies government-imposed fees
(Added by Stats. 2000, Ch. 253, Sec. 1. Effective January 1, 2001.)