DIVISION 11. IRRIGATION DISTRICTS 20500-29978›PART 5. POWERS AND PURPOSES 22075-22982›CHAPTER 5. Provisions Pertaining Only to 500,000-Acre Districts 22825-22970.35›ARTICLE 6. Miscellaneous Provisions 22960-22961

§ 22960

California Water Code · 2026-09 edition · updated 2026-10-03 · California

Every district by its board may, in addition to other powers, borrow funds for any lawful purpose at an interest rate not exceeding 5 per cent per year and issue warrants therefor payable at future dates. No election authorizing such borrowing or issuance of warrants need be held but the principal amount of such indebtedness unpaid at any time shall not exceed two hundred thousand dollars ($200,000).

(Added by Stats. 1943, Ch. 686.)

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California Water Code

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