Cal. Wat. Code § 24628

Current through the 2023 Legislative Session.

Section 24628 - Issuance of warrants payable at future time for purchase of outstanding bonds or refinancing or retiring of outstanding contract

Warrants payable at a future time or times may be issued in consideration of money loaned to the district for the purchase of any of its outstanding bonds or the refinancing or retiring of any outstanding contract. The annual interest payable on these warrants shall be less than the annual interest on the bonds purchased or contract refinanced or retired with the proceeds of the warrants.

Ca. Water Code § 24628

Added by Stats. 1943, Ch. 372.