There is a newer version
of
this Section
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 36408.6.
Universal Citation: CA Water Code § 36408.6 (2018)
36408.6.
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.
(Amended by Stats. 1976, Ch. 533.)
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.
