The authority may issue negotiable promissory notes to acquire funds for any authority 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 § 81655
Financial Matters
Known as the San Francisco Bay Area Regional Water System Financing Authority Act
The act spans §§ 81600–81674 (49 sections).
Added by Stats. 2002, Ch. 849, 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.