California Water Code ARTICLE 2 - Financial Matters

• Section 81425.
  The board shall adopt a budget for each fiscal year.(Added by Stats. 2002, Ch. 844, Sec. 1. Effective January 1, 2003.)
• Section 81426.
  The accounts of the agency shall be audited annually in accordance with generally accepted auditing standards by independent certified public accountants with experience in auditing...
• Section 81427.
  The agency 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 81428.
  (a) The agency may issue revenue bonds upon the adoption of an ordinance by a two-thirds vote of all of the members of the board present...
• Section 81429.
  The agency may issue bonds for the purpose of refunding any revenue bonds of the agency, whether due or not due.(Added by Stats. 2002, Ch....
• Section 81430.
  The agency may issue negotiable promissory notes to acquire funds for any agency purpose. The notes shall have a term not to exceed five years....
• Section 81431.
  The authority granted pursuant to the Improvement Act of 1911 (Division 7 (commencing with Section 5000) of the Streets and Highways Code), the Municipal Improvement...
• Section 81432.
  Bonds and other evidences of indebtedness issued by the agency are legal investments for all trust funds and for funds of all insurers, commercial and...
• Section 81433.
  The board may impose assessments sufficient to pay the operating expenses included in the budget, which shall be an obligation of each member public entity,...
• Section 81434.
  The agency may use proceeds of bonds authorized by this division for the construction, reconstruction, or improvement of any works carried out by the agency....
• Section 81435.
  The agency may impose reasonable rates, fees, and charges on Stanford University, the California Water Service Company, and the agency’s member public entities for any...

Last modified: October 22, 2018