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2011 California Code
Water Code
DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978]
ARTICLE 6. Miscellaneous Provisions
Section 22960


CA Water Code § 22960 (through 2012 Leg Sess) What's This?

Every district by its board may, in addition to other powers, borrow funds for any lawful purpose at an interest rate not exceeding 5 per cent per year and issue warrants therefor payable at future dates. No election authorizing such borrowing or issuance of warrants need be held but the principal amount of such indebtedness unpaid at any time shall not exceed two hundred thousand dollars ($200,000).

(Added by Stats. 1943, Ch. 686.)

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