California Water Code ARTICLE 3 - Time Warrants

• Section 53040.
  When the board has filed an operation and maintenance assessment roll in the office of the county treasurer, and has directed an assessment levied against...
• Section 53041.
  Time warrants may be in substantially the following form: FaceNo. ________ _____ $________Office of the Board of Trustees of Reclamation District No. ____.______, CaliforniaThe Treasurer...
• Section 53042.
  The time warrants which may be issued to mature in any year shall not exceed the amount of the assessment installment payable in such year,...
• Section 53042.5.
  Time warrants may be issued for more than the amount set forth in Section 53042 and with a maturity longer than five years, provided that...
• Section 53043.
  No time warrants shall be issued, sold, or disposed of for less than the face amount thereof and accrued interest thereon to date of delivery.(Added...
• Section 53044.
  The proceeds from the issuance and sale of time warrants shall be deposited in the maintenance fund and shall be applicable to the payment of...
• Section 53045.
  Time warrants shall be registered with the county treasurer prior to their issuance.(Added by Stats. 1951, Ch. 336.)
• Section 53046.
  Time warrants shall be paid upon their due date upon presentation and surrender to the county treasurer.(Added by Stats. 1951, Ch. 336.)
• Section 53047.
  If time warrants are not paid by reason of lack of funds, no further registration is required, and they shall continue to bear interest after...
• Section 53048.
  Time warrants which are not paid on their due date because of lack of funds have priority and shall be paid out of the proceeds...
• Section 53049.
  The county treasurer, upon the request of the board, shall pay all time warrants before the maturity thereof, providing there are sufficient funds, after payment...

Last modified: October 22, 2018