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Section 7. TOTALS The total rates of ad valorem property taxation of MWD of SC for the fiscal year upon secured taxable property are set forth in Column 42 of Scheduled. The total amounts of money to be derived by virtue of such tax levies for the fiscal year are set forth in Column #6 of Schedule B, including the amounts of money to be derived from the area of M.WD of SC within each separate municipality. Section 8. REDEVELOPMENT AGENCIES Pursuant to the "Community Redevelopment Law" (California Constitution Art. X.111, Sec. 19; Health and Safety Code, See. 33000 et seq.) taxes levied upon taxable property in a redevelopment project each year by MWD of SC atler the effective date of the ordinance approving the redevelopment plan shall be allocated as follows: a. That portion of the taxes which would be produced by the rate upon which the tax is levied for the fiscal year upon the total sum of the assessed value of the taxable property in the redevelopment project as shown upon the assessment roll used in connection with the taxation of such property by MWD of SC, last equalized prior to the effective date of such ordinance, shall be allocated to, and when collected shall be paid into the funds of the MWD of SC; and b. That portion of said levied taxes for the fiscal year in excess of such amount shall be allocated to and when collected shall be paid into a special hand of the respective redevelopment agency to pay the principal of and interest on loans, moneys advanced to, or indebtedness (whether Funded, refunded, assumed, or otherwise) incurred by, such redevelopment agency to finance or refinance, in whole or in part, such redevelopment project; provided, however, in the case of any redevelopment project for which MWD of SC has elected, by resolution of its Board of Directors, pursuant to Section 33676 of the Community Redevelopment Law, to be allocated that portion of tax revenues attributable to any increase in MWD of SC's tax rate occurring sifter such project's base year and filed copies of such resolution with the affected redevelopment agency and county officers, such portion of such tax revenues shall be paid into the funds of MWD of SC. When said loans, advances, and indebtedness, if any, and interest thereon, have been paid, all moneys thereafter received from taxes levied by MWD of SC upon the taxable property in such redevelopment project shall be paid into the funds of the MWD of SC as taxes on all other property are paid. The total rates of taxation of MWD of SC for the fiscal year set forth in Column #2 of Schedule B are the rates of taxation upon taxable property taxable by MWD of SC within the areas shown in said Schedule, including taxable property within redevelopment agencies as well as all other property so taxable by MWD of SC; and the total amounts of money shown in Column #6 of Schedule B to be derived from certain of said areas by virtue of said tax levies of MWD of SC include amounts of money to be allocated to redevelopment agencies, as well as amounts of money to be allocated to MWD of SC. The estimated adjustment to be made to account for the difference between the total amount levied and the amount to be derived is included in the provision for estimated collection delinquencies shown in Schedule A.