The proceeds of such warrants or negotiable notes may be used and applied to the purchase or redemption of any outstanding warrants or negotiable notes of the district.
Cal. Water Code § 36402.3
Provisions Relating to Short Term Borrowings
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Amended by Stats. 1992, Ch. 1020, Sec. 38
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.