Statute · California Water Code
Cal. Water Code § 36408.6 — Provisions Relating to Short Term Borrowings
Cal. Water Code § 36408.6
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Warrants or negotiable notes of any district may be issued to evidence the indebtedness allowed to be incurred prior to the levy of the first district assessment, bearing interest fixed by the board at not more than eight (8) percent per year. These warrants or negotiable notes shall be made…
Citator
Cal. Water Code § 36408.6 — 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 of any district may be issued to evidence the indebtedness allowed to be incurred prior to the levy of the first district assessment, bearing interest fixed by the board at not more than eight (8) percent per year. These warrants or negotiable notes shall be made payable on a date not later than the first day of July next after the first annual assessment in the district is levied.