Cal. Wat. Code § 81655

Current through the 2023 Legislative Session.
Section 81655 - Issuance of negotiable promissory notes

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).

Ca. Water Code § 81655

Added by Stats 2002 ch 849 (SB 1870),s 1, eff. 1/1/2003.
See Stats 2002 ch 849 (SB 1870), s 3.