California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 14. CALIFORNIA WATER STORAGE DISTRICT LAW |
Part 8. BONDS |
Chapter 7. Direct Assessment Warrants |
ARTICLE 1. Project and Government Contract Warrants |
Section 45901.
Latest version.
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Direct assessment warrants shall be signed by the president and secretary in face amount not exceeding in the aggregate the cost of the project or government contract, exclusive of interest and amounts paid prior to the issuance of these warrants on the assessment levied to pay for said district project or government contract.
(Added by Stats. 1961, Ch. 976.)