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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

§ 53042.5

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

Time warrants may be issued for more than the amount set forth in Section 53042 and with a maturity longer than five years, provided that a special election is held pursuant to Chapter 3 (commencing with Section 50800) of Part 4 of this division, at which election the principal amount and maturity of such warrants and the purpose for which they are issued are approved by a majority of the votes cast.

(Added by Stats. 1978, Ch. 1108.)

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