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DIVISION 11. IRRIGATION DISTRICTS 20500-29978›PART 8. FINANCIAL ORGANIZATION 24250-24771›CHAPTER 4. Warrants 24600-24675.1›ARTICLE 2. Warrants Payable at Future Times 24625-24636

§ 24631

California Water Code · 2020-11 edition · updated 2026-10-04 · California

Warrants of any district may be issued to evidence the indebtedness allowed to be incurred prior to the levy of the first district assessment, bearing interest fixed by the board at not more than 8 percent per year. These warrants shall be made payable on a date not later than the first day of July next after the first annual assessment in the district is levied.

(Amended by Stats. 1975, Ch. 130.)

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