California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 14. CALIFORNIA WATER STORAGE DISTRICT LAW |
Part 7. FINANCIAL ORGANIZATION |
Chapter 4. Warrants Payable at Future Times |
Section 44909.
Latest version.
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No warrants issued pursuant to this article made payable more than five years from the date of issuance shall be valid unless their issuance is authorized by a majority of the voters voting at an election called by the board for the purpose of determining whether or not the warrants shall be authorized.
(Added by Stats. 1961, Ch. 1367.)