There is a newer version of the California Code
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2011 California Code
Water Code
DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978]
ARTICLE 5. Construction of Works for United States
Section 23263


CA Water Code § 23263 (through 2012 Leg Sess) What's This?

For the purpose of providing the necessary money to carry on the construction work the district may borrow money for a term not exceeding five years at rates of interest, to be fixed by its board, not exceeding 7 per cent per year and issue notes, warrants, or other evidences of indebtedness therefor. The aggregate amount of the indebtedness shall at no time exceed one-half of the total construction cost as provided in the construction contract.

(Added by Stats. 1943, Ch. 372.)

Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.