A watershed improvement district shall have power, as set forth in this article, to incur debts and repay them over the period of time and at the rate or rates of interest, not exceeding eight percent, that the lender agrees to. Any watershed improvement district may accept, receive and expend gifts, grants or loans from whatever source received. In addition, they shall have the same powers, to the extent necessary, within the watershed improvement district that the soil and water conservation district or districts in which the same is located exercise or may possess.
Va. Code Ann. § 10.1-633
Power to incur debts and accept gifts, etc.; watershed improvement district to have same powers as soil and water conservation district
1956, c. 668, § 21-112.20; 1964, c. 512; 1977, c. 40; 1988, c. 891.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.