Cal. Wat. Code § 23281

Current through the 2023 Legislative Session.
Section 23281 - Agreement not to levy assessment for amount less than required by contract

When the United States has appraised the security underlying the indebtedness of any district or loans any district money to refund any of its indebtedness or to finance any of its operations, the district may in contracting for the loan agree that it will not during the life of the loan levy any assessment for an amount less than required by the contract.

Ca. Water Code § 23281

Added by Stats. 1943, Ch. 372.