§ 1202 District Bond Payment Estimates

• •The board must give a written estimate of the minimum money needed.
• •The estimate must cover bond principal, interest, and any other district expenses.
• •It has to be sent at least 15 days before the tax‑levying deadline.
• •The estimate must go to both the board of supervisors and the auditor.

The county water district board looks at its loan payments and other expenses and writes down that it needs $800,000 to cover bond principal, interest, and other projects.

The board sends that estimate to the board of supervisors and the auditor 20 days before the supervisors meet to decide how much tax to collect, so the supervisors know the minimum money they must raise.