DIVISION 15. RECLAMATION DISTRICTS 50000-53901›PART 9. WARRANTS 53000-53342›CHAPTER 1. Issuance, Registration and Payment 53000-53093›ARTICLE 3. Time Warrants 53040-53049

§ 53042

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

The time warrants which may be issued to mature in any year shall not exceed the amount of the assessment installment payable in such year, and the principal amount of time warrants which is outstanding at any time shall not exceed an amount determined by multiplying the number of acres within the district by five dollars ($5).

(Added by Stats. 1951, Ch. 336.)

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California Water Code

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