{"code":"WAT","codeName":"Water Code","section":"36408.4","citation":"Wat. Code, § 36408.4","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 13. CALIFORNIA WATER DISTRICTS [34000. - 38501.]","url":"https://blackletter.si/water-code/division-13"},{"name":"PART 6. FINANCIAL PROVISIONS [35900. - 36458.1.]","url":"https://blackletter.si/water-code/division-13/part-6"},{"name":"CHAPTER 4.5. Provisions Relating to Short Term Borrowings [36400. - 36409.]","url":"https://blackletter.si/water-code/division-13/part-6/chapter-4.5"}],"history":"Amended by Stats. 1992, Ch. 1020, Sec. 40.   Effective January 1, 1993.","effective":"1993-01-01","html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/water-code/provisions-relating-to-short-term-borrowings-36408-4","source":"California Legislative Information bulk export (pubinfo)"}