A district may contract with any state agency to finance any district improvement if the term of the contract does not exceed 30 years. A contract between the district and a state agency that creates an indebtedness or liability that exceeds the district’s annual revenue shall be repaid with revenue derived from the imposition of standby charges pursuant to Section 55501.5.
Cal. Water Code § 55339
General Powers
Known as the County Waterworks District Law
The act spans §§ 55000–55991 (184 sections).
Added by Stats. 2000, Ch. 722, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.