{"code":"WAT","codeName":"Water Code","section":"23263","citation":"Wat. Code, § 23263","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 11. IRRIGATION DISTRICTS [20500. - 29978.]","url":"https://blackletter.si/water-code/division-11"},{"name":"PART 6. COOPERATION [23100. - 23465.]","url":"https://blackletter.si/water-code/division-11/part-6"},{"name":"CHAPTER 2. Cooperation With United States [23175. - 23302.]","url":"https://blackletter.si/water-code/division-11/part-6/chapter-2"},{"name":"ARTICLE 5. Construction of Works for United States [23260. - 23264.]","url":"https://blackletter.si/water-code/division-11/part-6/chapter-2/article-5"}],"history":"Added by Stats. 1943, Ch. 372.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/water-code/construction-of-works-for-united-states-23263","source":"California Legislative Information bulk export (pubinfo)"}