Water Code § 36402

CHAPTER 4.5. Provisions Relating to Short Term Borrowings

Current as of September 28, 2026Wat. Code, § 36402Official source ↗

Amended by Stats. 1976, Ch. 533.

Indebtedness incurred under this chapter shall be evidenced by warrants or negotiable notes of the district payable at stated times fixed by the board and bearing interest at a rate not exceeding 8 percent per annum, payable annually or semiannually.