Bonds and warrants of a district for an improvement district may be issued for any purpose for which bonds and warrants of the district may be issued; provided, that the carrying out of such purpose shall benefit the lands within such improvement district. Such bonds or warrants may be either general obligation bonds or warrants or revenue bonds.
Cal. Water Code § 36412
Alternative Provisions for the Formation of Improvement Districts and the Issuance of Bonds Therefor
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Amended by Stats. 1980, Ch. 6, Sec. 14
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.