{"data":{"id":"us-ca/wat-36408.4","jurisdiction":"us-ca","citation":"WAT § 36408.4","heading":"","body":"Warrants or negotiable notes payable at a future date or times may also be issued to obtain funds or property for any lawful purpose of the district; provided, the total amount of the warrants or negotiable notes payable in any one year shall not exceed one-fourth of one (1) percent of the total valuation of the land in the district according to the last equalized assessment roll.","path":["Water Code - WAT","DIVISION 13. CALIFORNIA WATER DISTRICTS [34000. - 38501.]","PART 6. FINANCIAL PROVISIONS [35900. - 36458.1.]","CHAPTER 4.5. Provisions Relating to Short Term Borrowings [36400. - 36409.]"],"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":"a070bda9c15dd032b7c6d6ffe77ae20188813535cb9208c6a9b15f4c85be1605","source_id":"us-ca","stale":false,"prev":"us-ca/wat-36407.1","next":"us-ca/wat-36408.5"},"notice":"GroundRules: Original legal text. Not legal advice."}