The board may issue warrants drawn on the appropriate funds of the district to pay indebtedness of the district incurred in carrying out the works of reclamation and to raise money in anticipation of the collection of operation and maintenance assessment levies.
Issuance, Registration and PaymentGeneral Provisions
Section § 53000
This law allows the board to issue payment orders, known as warrants, to cover the district's debts. These debts arise from projects or tasks related to reclamation work. The board can also raise funds in advance based on expected future assessments for operating and maintaining these works.
board authority warrants district funds
Section § 53001
This law allows the board to issue demand warrants and time warrants while adhering to certain rules laid out in this part of the code.
The board may draw demand warrants or time warrants, subject to the provisions of this part.
board authority demand warrants time warrants
Section § 53002
This law explains that demand warrants are a type of financial document that must be paid immediately when requested, regardless of what the warrant is for.
Demand warrants are warrants, drawn for any purpose, which are payable upon demand.
demand warrants immediate payment financial document
Section § 53003
This law explains that time warrants are a type of financial instrument linked to an operation and maintenance assessment, and they are scheduled to be paid at a future date specified in the warrant.
Time warrants are warrants, based upon an operation and maintenance assessment, payable at a specified future date expressed in the warrant.
time warrants operation and maintenance assessment warrant payment date
