California Water Code ARTICLE 2 - Financial Matters

• Section 81650.
  The board shall adopt a budget for each fiscal year.(Added by Stats. 2002, Ch. 849, Sec. 1. Effective January 1, 2003.)
• Section 81651.
  The accounts of the authority shall be audited annually in accordance with generally accepted auditing standards by independent certified public accountants with experience in auditing...
• Section 81652.
  The authority may borrow money, incur indebtedness, and issue notes and bonds as provided in this division, or as otherwise authorized by law.(Added by Stats....
• Section 81653.
  (a) The authority may issue revenue bonds upon the adoption of an ordinance by a two-thirds vote of all of the voting members of the board,...
• Section 81654.
  The authority may issue bonds for the purpose of refunding any revenue bonds of the authority, whether due or not due.(Added by Stats. 2002, Ch....
• Section 81655.
  The authority may issue negotiable promissory notes to acquire funds for any authority purpose. The notes shall have a term not to exceed five years....
• Section 81656.
  Bonds and other evidences of indebtedness issued by the authority are legal investments for all trust funds and for funds of all insurers, commercial and...
• Section 81658.
  (a) The proceeds of revenue bonds issued by the authority in accordance with this division may be used only on projects designed and intended in substantial...

Last modified: October 22, 2018