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California Code, Water Code - WAT § 23263

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - California Code, Water Code - WAT § 23263 - last updated January 01, 2025 | https://codes.findlaw.com/ca/water-code/wat-sect-23263/

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