Statute · California Water Code

Cal. Water Code § 36407.1 — Provisions Relating to Short Term Borrowings

Cal. Water Code § 36407.1

Type
Statute
Source
California Water Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

Warrants or negotiable notes payable in five years or less from the date of issuance may be issued under this section without the approval of the voters pursuant to Section 36402.1 and shall constitute obligations of the district payable from annual assessments and other revenues of the district…

Citator

Cal. Water Code § 36407.1 — Provisions Relating to Short Term Borrowings is in force in the current edition of the Code, and nothing recorded condemns it.

Warrants or negotiable notes payable in five years or less from the date of issuance may be issued under this section without the approval of the voters pursuant to Section 36402.1 and shall constitute obligations of the district payable from annual assessments and other revenues of the district and subject to the maximum property tax rate contained in Chapter 3 (commencing with Section 2201) of Part 4 of Division 1 of the Revenue and Taxation Code.