There is a newer version of the California Code
2011 California Code
Water Code
DIVISION 11. IRRIGATION DISTRICTS [20500 - 29978]
ARTICLE 1. Creation of Liabilities
Section 24251
CA Water Code § 24251 (through 2012 Leg Sess) What's This?
For the purposes of formation or for any other of its purposes a district may, before the levying of the first assessment, incur indebtedness in a total amount not to exceed two thousand dollars, ($2,000) or, if the district contains more than 4,000 acres, one-half as many dollars as there are acres of land in the district.
(Added by Stats. 1943, Ch. 372.)
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