This section defines that the term “board of supervisors” refers to the board of supervisors in the main county relevant to the context.

This section defines the term "bond" to mean a general obligation bond.

The board of a district must submit an annual financial estimate to the clerk of the board of supervisors. This estimate should cover the amount needed to pay off any current, unpaid obligations, as well as those expected to mature or likely to occur in the upcoming year. This submission happens within 90 days of the district's formation and annually after that.

This law requires that the annual financial estimate clearly details how much money will be needed to pay off bonds and the interest on those bonds.

This law allows a board to include in its annual financial estimates an amount up to 1% of the total assessed value of the land. This money can be used to redeem or buy back bonds that haven't yet matured, or to create a savings reserve (sinking fund) to ensure bonds can be paid off when they're due.

This law states that when the board is figuring out how much money the district needs to raise through assessments (kind of like a tax), they should first subtract the money they expect to earn from selling water. This way, they only raise what's necessary beyond what they can earn from water sales.

This law says that if the board believes they have enough money coming in from various sources to cover all of the district’s bills for the next year, they can tell the board of supervisors instead of filing a usual financial estimate. In such cases, no additional taxes or assessments will be charged for that year.

This law allows the board of a newly formed district to charge a fee of fifty cents per acre on all land within the district. The funds collected are to cover initial costs related to setting up the district.

This law allows a board to decide when a district's financial year starts and ends by passing a resolution.

If a district chooses a new fiscal year schedule, the board can decide that the annual financial plan should be submitted within 90 days from the start of that new fiscal year, instead of the usual early deadline. The related annual assessment then also needs to be done between the start of the fiscal year and that 90-day mark.

This law explains that certain special assessments used to pay off the main amount and interest on general obligation bonds issued by a district are considered ad valorem taxes. These taxes follow the rules of the California Constitution's Article XIII A, which means they don't need to go through the approval steps outlined in Article XIII D. However, this does not mean that other assessments are either automatically exempt from or must follow Article XIII D's procedures.