Statute · California Public Utilities Code
Cal. Pub. Util. Code § 125713 — Bonds and Other Evidences of Indebtedness
Cal. Pub. Util. Code § 125713
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2006-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The district may issue negotiable promissory notes pursuant to this section to acquire funds for any district purposes. The maturity of the promissory notes may not be later than five years from the date thereof. Those notes shall bear interest at a rate not to exceed 12 percent per year. Those…
Citator
Cal. Pub. Util. Code § 125713 — Bonds and Other Evidences of Indebtedness is in force in the current edition of the Code, and nothing recorded condemns it.
The district may issue negotiable promissory notes pursuant to this section to acquire funds for any district purposes. The maturity of the promissory notes may not be later than five years from the date thereof. Those notes shall bear interest at a rate not to exceed 12 percent per year. Those notes shall be payable from any source of revenue available to the district.