GroundRules
WAT § 23263
Where this section sits in the code
- Water Code - WAT
- DIVISION 11. IRRIGATION DISTRICTS [20500. - 29978.]
- PART 6. COOPERATION [23100. - 23465.]
- CHAPTER 2. Cooperation With United States [23175. - 23302.]
- ARTICLE 5. Construction of Works for United States [23260. - 23264.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON