California Water Code
§ 55339
WAT § 55339 Effective Jan 1, 2001Div. 16 · Part 3 · Ch. 2
Statute text
View on leginfo.ca.govA 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.
Legislative history
Added by Stats. 2000, Ch. 722, Sec. 1. Effective January 1, 2001.