2007 California Water Code Chapter 2. Taxes And Other Revenues

CA Codes (wat:72755)

72755.  If the revenues of the district, or of any improvement
district therein, are, or in the judgment of the board will probably
be, inadequate for any cause to pay the principal of, or interest on,
any bonded debt of the district, or any improvement district
thereof, as it becomes due and also the amounts set forth in Section
71616, and also any amounts pursuant to contracts or leases referred
to in this part applicable to the Marin Municipal Water District, the
board shall cause a tax to be levied, sufficient to provide for such
deficit and to pay the amount of such principal and interest that
will become due before the proceeds of a tax levied at the next
general tax levy will be available.