Levee District Law ofFinancial Provisions
Section § 70200
This law explains how claims for money or damages against a water district should be handled. It says that most claims are controlled by specific sections of the Government Code, unless another law applies directly. If a claim isn't covered by the usual rules or other specific laws or regulations, it must be submitted to the district's governing body. These claims should be reviewed and paid just like claims against a county. If needed, the district's auditor will issue a payment order to the treasurer for these claims.
Section § 70201
This law requires the auditor to maintain detailed records of all money received and spent, along with details about where the money came from and what it was used for. Additionally, these financial records of the district must be audited every year to ensure accuracy and accountability.
Section § 70202
When money is collected for the district, it must be handed over to the treasurer just like county money is. Once the treasurer gets this money, they need to add it to the district's account.
Section § 70203
This law section outlines how the treasurer is allowed to pay out district funds. They can only do so using warrants (official documents authorizing payment), which are issued by the auditor, similar to how county money is handled. If there is not enough money available to pay the warrants when they are presented, these warrants will be registered and will accrue interest at 6% per year from when they are registered until they are paid or called.
Section § 70204
This law requires that before any payments are made for salaries or services, the claims must be verified under oath and receive approval from the board of directors.