Water Code § 81655

ARTICLE 2. Financial Matters

Current as of September 28, 2026Wat. Code, § 81655Official source ↗Ask about this

Added by Stats. 2002, Ch. 849, Sec. 1. Effective January 1, 2003.

The authority may issue negotiable promissory notes to acquire funds for any authority purpose. The notes shall have a term not to exceed five years. The total amount of notes issued pursuant to this section that may be outstanding at any one time may not exceed one million dollars ($1,000,000).