DIVISION 11. IRRIGATION DISTRICTS 20500-29978›PART 6. COOPERATION 23100-23465›CHAPTER 2. Cooperation With United States 23175-23302›ARTICLE 6. Borrowing from United States 23280-23289

§ 23281

California Water Code · 2018-11 edition · updated 2026-10-04 · California

When the United States has appraised the security underlying the indebtedness of any district or loans any district money to refund any of its indebtedness or to finance any of its operations, the district may in contracting for the loan agree that it will not during the life of the loan levy any assessment for an amount less than required by the contract.

(Added by Stats. 1943, Ch. 372.)

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California Water Code

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