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2018 California Code
Water Code - WAT
DIVISION 13 - CALIFORNIA WATER DISTRICTS
PART 6 - FINANCIAL PROVISIONS
CHAPTER 4.5 - Provisions Relating to Short Term Borrowings
Section 36407.1.
Universal Citation: CA Water Code § 36407.1 (2018)
36407.1.
Warrants or negotiable notes payable in five years or less from the date of issuance may be issued under this section without the approval of the voters pursuant to Section 36402.1 and shall constitute obligations of the district payable from annual assessments and other revenues of the district and subject to the maximum property tax rate contained in Chapter 3 (commencing with Section 2201) of Part 4 of Division 1 of the Revenue and Taxation Code.
(Amended by Stats. 1976, Ch. 533.)
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