Statute · California Water Code
Cal. Water Code § 36408.4 — Provisions Relating to Short Term Borrowings
Cal. Water Code § 36408.4
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Date
- 1993-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Warrants or negotiable notes payable at a future date or times may also be issued to obtain funds or property for any lawful purpose of the district; provided, the total amount of the warrants or negotiable notes payable in any one year shall not exceed one-fourth of one (1) percent of the total…
Citator
Cal. Water Code § 36408.4 — 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 at a future date or times may also be issued to obtain funds or property for any lawful purpose of the district; provided, the total amount of the warrants or negotiable notes payable in any one year shall not exceed one-fourth of one (1) percent of the total valuation of the land in the district according to the last equalized assessment roll.