{"data":{"id":"us-ca/wat-23263","jurisdiction":"us-ca","citation":"WAT § 23263","heading":"","body":"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.","path":["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.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"175fadd263a83cf27867083ca8ff87fe1f081c523b8ba3ccaaa45ec6c68d0aac","source_id":"us-ca","stale":false,"prev":"us-ca/wat-23262","next":"us-ca/wat-23264"},"notice":"GroundRules: Original legal text. Not legal advice."}