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Section 3. ASSESSED VALUATIONS The county auditors of the counties of Los Angeles, Orange, San Bernardino, San Diego and Ventura have certified the assessed valuations of all property taxable by MWD of SC for the fiscal year and their respective certificates have been filed with the Board of Directors. The auditor of Riverside County has provided preliminary assessed valuations, and when received, the certification will be filled with the Board of Directors (if needed). Section 3.1 STATEMENT REGARDING AR"I7CLE Xlll A OF THE CONSTITUTION OF THE STATE Of CALIFORNIA None of the tax levies made by the Board of Directors of MWD of SC in the next succeeding sections fall with Section I(a) of Article XIII A approved by the electorate on June 6, 1978 for addition to the California Constitution, effective July 1, 1978. All of said levies fall tinder the Section I (b) exemption to said Section 1(a) and are otherwise exempt from said Section I (a) by reason of the impairment of contract clause of Article I, Section 1.0 of the United States Constitution. Accordingly, none of said levies fall with Article XIII C and XIII D approved by the electorate on November 5, 1996, for addition to the California Constitution, by reason of the aforementioned exemptions and the provisions of Section 2(d) of Article X1.11 C and Section 3(a)(2) of Article XIII D. All of said levies are made pursuant to Revenue and Taxation Code Section 93(a) and are for the purpose of and shall be used for payment of "voter -approved indebtedness." Section 4. ANNEXATION LEVY For the dual Purposes of raising the amounts required to. be raised by means of special tax levies on taxable properties as prescribed by resolutions of the Board of Directors of MWD of SC fixing terms and conditions for annexation to MWD of SC (or as such terms and conditions may have been modified in accordance with the Metropolitan Water District Act of the State of California, Statutes 1969, Chapter 209, as amended) and for raising funds necessary to provide for payment of a portion of the capital cost component of eith.cr (lie Transportation Charge or the Delta Water Charge, or both, billed to MWD of SC under the "State Water Contract" (as identified in Section 6 of this Resolution) clue or to become due within the current fiscal year of within the following fiscal year before the time when money will be available from the next tax levy; a. The amount of money necessary to be raised by ad valorem property taxation during the fiscal year is the sum set forth in the last line of Column # 1 of Schedule A. b. The rates of such taxation of MWD of SC for the fiscal year 2009/2010 upon secured taxable property in each of the areas subject to sLIch levies hereby are set forth in Column # I of Schedule B. c. The amounts of money to be derived from said levies are set forth in Column #3 of Schedule .B, including the amounts of money to be derived from the area of MWD of SC within each separate Municipality.