The agency may issue negotiable promissory notes to acquire funds for any agency purpose. The notes shall have a term not to exceed five years. The total amount of notes issued pursuant to this section that may be outstanding at any one time may not exceed one million dollars ($1,000,000).
Cal. Water Code § 81430
Financial Matters
Known as the Bay Area Water Supply and Conservation Agency Act
The act spans §§ 81300–81461 (86 sections).
Added by Stats. 2002, Ch. 844, 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.