For the purpose of financing a district project or government contract which has been approved by the voters of the district, the board of directors may, by a two-thirds vote of its members, issue written obligations which may be denominated notes, certificates of indebtedness or warrants. The term “direct assessment warrants,” as used in this chapter, means such obligations, howsoever denominated.
Cal. Water Code § 45900
Project and Government Contract Warrants
Known as the California Water Storage District Law
The act spans §§ 39000–48401 (681 sections).
Amended by Stats. 1992, Ch. 1020, Sec. 97
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.