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HomeWater CodeDiv. 5Pt. 5Ch. 6Art. 7§ 9487 Assessment Collection For Bonds

§ 9487 Assessment Collection For Bonds

Water Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 9487 Assessment Collection For Bonds

Key Takeaways

  • •The board must write down how much money is needed for the year to pay back bonds.
  • •They keep one copy and send the other to the county treasurer.
  • •This helps make sure the money is collected from the right places.

Example

Imagine your town needs to pay back money it borrowed to fix roads.

The town leaders write down how much money is needed and send a copy to the county office so they know how much to collect from people in the town.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 9487 Assessment Collection For Bonds

Immediately upon making the order the board shall prepare in duplicate, retaining one original, and causing the other original to be certified by its secretary or assistant secretary and delivered to the county treasurer of each county wherein are situated any of the lands covered by the assessment, a statement of the amount of the assessment necessary to be collected for the year to pay the principal and interest of the bonds falling due. (Added by Stats. 1943, Ch. 369.)

Last verified: January 23, 2026

Key Terms

secretarystatementassessment

Related Statutes

  • § 9402 Bond Payment Certification Reports
  • § 9485 Drainage Bond Payment Assessment
  • § 9488 Delinquency Coverage Assessment
  • § 9489 Bond Redemption Sinking Fund
  • § 9491 Bond Installment Payment Deadlines

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 9487.
View Official Source