§ 16845 District Bonded Indebtedness Approval

• •If a public utility project costs way more than the money it makes, the district might need to borrow money by selling bonds.
• •The district leaders must decide within 60 days after getting the cost and money plans.
• •The people who live in the district get to vote on whether the district should borrow this money.
• •The vote can happen during a regular election or a special one just for this.

A small town wants to build a new water treatment plant that will cost a lot more money than the town makes from water bills.

The town leaders have to decide within 60 days if they need to borrow money by selling bonds. Then, the townspeople get to vote on whether the town should borrow this money or not.