If any district having authorized the issuance of any bonds shall issue additional bonds based on another assessment, the dates of maturity of the additional bonds or any series thereof shall be such that the latest maturity thereof shall not exceed 50 years from their date.
Cal. Water Code § 45700
Additional Bonds
Known as the California Water Storage District Law
The act spans §§ 39000–48401 (681 sections).
Amended by Stats. 1967, Ch. 829.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.