2005 California Public Resources Code Sections 33800-33806 CHAPTER 4. FINANCES

33800.  (a) The conservancy may incur debt only for the purpose of
acquiring real property.  To acquire that property, the conservancy
may only borrow money from, and incur a debt to, an entity that is
represented on the conservancy's governing board if the debt
instrument pertaining to the acquisition of the property states that
the security for the debt created therein is limited to the real
property to be acquired, and includes an acknowledgment that no state
funds or state credit will be obligated or committed to repay the
debt.
   (b) Any debt instrument that is entered into by the conservancy
after January 1, 1997, shall be null and void, except for a debt
instrument that complies with subdivision (a) and is approved by the
Department of Finance.
33802.  The conservancy may fix and collect fees for the use by the
public of any lands owned or otherwise controlled by the conservancy.
  No fee shall, however, exceed the conservancy's cost of providing
the service for which the fee is  charged.
33803.  (a) The conservancy may raise revenues for any lawful
purpose of the conservancy pursuant to this chapter.
   (b) If the conservancy proposes to raise revenue by the levy of an
assessment on real property or by the levy of any type of tax or
increase in any existing tax authorized by this chapter, and the law
authorizing the assessment or tax requires the approval of the
electors of the conservancy, the assessment or tax may not be levied
unless and until it is approved by the electors of the conservancy at
an election held for that purpose.   Any assessment or tax levied by
the conservancy shall be approved by two-thirds of the votes cast by
the electors of the conservancy if the law authorizing the
assessment or tax requires approval by two-thirds of the votes cast,
or shall be approved by a majority of the votes cast by the electors
of the conservancy if the law authorizing the assessment or tax
provides for approval by a majority of the votes cast.
   (c) Any election conducted by the conservancy shall be
consolidated with a statewide election or any election conducted
throughout the County of Riverside.
33804.  The conservancy is expressly authorized to raise revenues by
any, or a combination, of the following:
   (a) An assessment to finance capital improvements and land
acquisition, which may be levied within one or more zones within the
conservancy's territory established to reflect the level of service
provided by the conservancy within the zone, as provided in the
Improvement Act of 1911 (Division 7 (commencing with Section 5000),
Streets and Highways Code), the Improvement Bond Act of 1915
(Division 10 (commencing with Section 8500), Streets and Highways
Code), the Municipal  Improvement Act of 1913 (Division 12
(commencing with Section 10000), Streets and Highways Code), and the
Landscaping and Lighting Act of 1972 (Division 15 (commencing with
Section 22500), Streets and Highways Code). At the election
authorizing the assessment, the conservancy may propose a range of
assessment rates, within which range the rate may from time to time
be adjusted by the governing board to reflect the conservancy's
revenue needs.
   (b) A special tax, as provided in Article 3.7 (commencing with
Section 53720) of Chapter 4 of Part 1 of Division 2 of Title 5 of the
Government Code.
   (c) A special tax levied pursuant to the Mello-Roos Community
Facilities Act of 1982 (Chapter 2.5 (commencing with Section 53311)
of Part 1 of Division 2 of Title 5 of the Government Code).
33805.  Upon making the determination that immediate revenues are
insufficient for the acquisition of property, other capital expenses,
or the funding or refunding of any outstanding indebtedness, the
governing board of the conservancy may call an election on a
proposition to incur indebtedness in a specified amount  and to issue
limited obligation bonds.
33806.  The Coachella Valley Mountains Conservancy Fund is hereby
created in the State Treasury.  The money in the fund shall be made
available for expenditure by the conservancy, upon appropriation by
the Legislature, for the purposes of this division.