This law states that the treasurer is responsible for receiving and managing all money that belongs to the district, ensuring it is used for the district's benefit.

This law states that any money that belongs to or is owed to a district must be given to the district's treasurer by whoever receives it.

The treasurer is responsible for setting up two types of funds for the district: a general obligation bond fund and a general fund. Money collected from assessments or the sale of property due to unpaid assessments is divided between these funds based on specific needs.

First, money goes to the general obligation bond fund proportional to what's needed to pay off the district's bonds and their interest. The remaining money is then allocated to the general fund.

The money in the general obligation bond fund can only be used to pay off the district's bonds and the interest on those bonds. This money cannot be used for anything else until all the district's bond debt is fully paid off.

This law allows the treasurer to move extra money from the general obligation bond fund to the general fund if it's more than what's needed to cover bond payments for the current and next year. However, this rule only applies to the Fern Valley Water District.

This law states that the treasurer can deposit money from a district according to the rules that apply to depositing public funds.

If a bank has money deposited from a district and that money is insured by the Federal Deposit Insurance Corporation (FDIC), the bank doesn't need to provide any extra security for the insured portion of the deposits.

This section of the law says that district money can't be paid out by the treasurer unless there's a warrant issued and signed by the board, except when it comes to paying bonds and their interest. Bonds and interest payments are the only exception to this rule.

This section explains that a warrant, which is a written promise to pay money, is legally enforceable for four years from the date it is issued. If someone wants to take legal action to enforce payment from a warrant, they need to do it within that four-year timeframe.

This law says that if someone goes to court to force a board to pay money it owes, the court will handle it like any other civil lawsuit. If the court decides that the money is indeed owed, it will order payment of the amount due.

The board of directors can set up a bond reserve fund to make sure there's money ready to pay off the district's bonds when they are due. This fund is specifically used for paying debt if the district doesn't have enough money otherwise. Once all bond debts are settled, any leftover money in the fund will be moved to the district's general fund.

This law allows for a bond reserve fund to be set up using the money gained from selling bonds. When planning for the bonds, they need to include this bond reserve fund in the financial estimate. Voters must be informed during the bond election that part of the funds will create this reserve. Once the bonds are sold and paid for, the specified portion of the proceeds must be allocated into the bond reserve fund.

This law allows for the creation of a fund called a bond reserve fund when issuing bonds. This fund can be filled using money collected from water charges or yearly assessments, meaning that these charges or assessments could be higher to contribute to this fund. The resolution that allows the bonds to be issued will specify the required amount to be gathered for the bond reserve fund, and once collected, this money is specifically set aside for that fund.

The Irvine Ranch Water District can invest money set aside for replacing capital facilities into real estate and property improvements within Orange County to generate income. However, they can't put more than 30% of these funds into such investments.