{"code":"WAT","codeName":"Water Code","section":"53042.5","citation":"Wat. Code, § 53042.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 15. RECLAMATION DISTRICTS [50000. - 53901.]","url":"https://blackletter.si/water-code/division-15"},{"name":"PART 9. WARRANTS [53000. - 53342.]","url":"https://blackletter.si/water-code/division-15/part-9"},{"name":"CHAPTER 1. Issuance, Registration and Payment [53000. - 53093.]","url":"https://blackletter.si/water-code/division-15/part-9/chapter-1"},{"name":"ARTICLE 3. Time Warrants [53040. - 53049.]","url":"https://blackletter.si/water-code/division-15/part-9/chapter-1/article-3"}],"history":"Added by Stats. 1978, Ch. 1108.","effective":null,"html":"<p>Time warrants may be issued for more than the amount set forth in Section <a href=\"/wat/53042\">53042</a> and with a maturity longer than five years, provided that a special election is held pursuant to Chapter 3 (commencing with Section <a href=\"/wat/50800\">50800</a>) of Part 4 of this division, at which election the principal amount and maturity of such warrants and the purpose for which they are issued are approved by a majority of the votes cast.</p>","text":"Time warrants may be issued for more than the amount set forth in Section 53042 and with a maturity longer than five years, provided that a special election is held pursuant to Chapter 3 (commencing with Section 50800) of Part 4 of this division, at which election the principal amount and maturity of such warrants and the purpose for which they are issued are approved by a majority of the votes cast.","otherVersions":[],"url":"https://blackletter.si/water-code/time-warrants-53042-5","source":"California Legislative Information bulk export (pubinfo)"}