The board of supervisors may in any year levy a tax upon the taxable property in the district, sufficient to pay the cost and expenses of maintaining, operating, extending and repairing the waterworks of the district for the ensuing fiscal year.
Financial ProvisionsTaxes
Section § 55700
This law allows the board of supervisors to collect taxes on property within a district each year. The tax is meant to cover the costs involved in maintaining, operating, expanding, and repairing the district's water supply system for the following fiscal year.
property tax district water supply waterworks maintenance
Section § 55701
Every year, the board of supervisors must collect a tax from properties in the district. This tax is to ensure there is enough money to cover the interest on bonds issued when the district was formed and any principal due before the next year's tax collection.
The board of supervisors shall levy a tax, each year, upon the taxable property in the district, sufficient to pay the interest on the bonds for that year authorized at the time of formation of the district, and that portion of the principal which is to become due before the time for making the next general tax levy.
board of supervisors tax levy taxable property
Section § 55702
This section states that if a district was formed with the condition that only land would be taxed, then all taxes in that district must solely be levied on the land, including any extensions or additions to the district. No other property can be taxed.
Where the petition for formation contained a statement that taxes shall be levied only upon the land within the district, all taxes levied under the provisions of this division in a district shall be levied upon the land within the district, and in any extension or additions thereto, and upon no other property.
taxes on land district taxes land-only taxation
Section § 55703
This law states that if bonds are set to be paid back starting more than a year after they're issued, a yearly tax must be collected. This tax should cover the interest as it comes due and also build a fund to repay the original amount of the bonds by or before their due date.
If the maturity of the indebtedness created by the issue of the bonds is made to begin more than one year after the date of issue, the tax shall be levied and collected each year, sufficient to pay the interest on the indebtedness as it falls due, and also to constitute a sinking fund for the payment of the principal on or before maturity.
bond maturity tax collection interest payment
Section § 55704
This law states that any taxes related to this chapter are to be charged and collected at the same time and in the same way as general county taxes. Once collected, these taxes should go into the county treasury and are either used to pay off bonds or credited to the appropriate district fund.
All taxes pursuant to this chapter shall be levied and collected at the time and in the same manner as the general tax levy for county purposes, and when collected shall be paid into the county treasury to be used for the payment of the principal and interest on bonds, or paid into the county treasury to the credit of the proper fund of the district.
tax levy county treasury bonds payment
