Cal. Wat. Code § 55339

Current through the 2023 Legislative Session.
Section 55339 - Contract with state agency to finance district improvement

A district may contract with any state agency to finance any district improvement if the term of the contract does not exceed 30 years. A contract between the district and a state agency that creates an indebtedness or liability that exceeds the district's annual revenue shall be repaid with revenue derived from the imposition of standby charges pursuant to Section 55501.5.

Ca. Water Code § 55339

Added by Stats 2000 ch 722 (AB 1772), s 1, eff. 1/1/2001.