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2020 California Code
Water Code - WAT
DIVISION 11 - IRRIGATION DISTRICTS
PART 8 - FINANCIAL ORGANIZATION
CHAPTER 4 - Warrants
ARTICLE 2 - Warrants Payable at Future Times
Section 24631.
Universal Citation: CA Water Code § 24631 (2020)
24631.
Warrants 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 8 percent per year. These warrants 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. 1975, Ch. 130.)
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