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California Code, Water Code - WAT § 36408.4

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

Warrants or negotiable notes payable at a future date or times may also be issued to obtain funds or property for any lawful purpose of the district;  provided, the total amount of the warrants or negotiable notes payable in any one year shall not exceed one-fourth of one (1) percent of the total valuation of the land in the district according to the last equalized assessment roll.

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Cite this article: FindLaw.com - California Code, Water Code - WAT § 36408.4 - last updated January 01, 2025 | https://codes.findlaw.com/ca/water-code/wat-sect-36408-4/

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