California Water Code 36412 – Bonds and warrants of a district for an improvement district may be …
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Bonds and warrants of a district for an improvement district may be issued for any purpose for which bonds and warrants of the district may be issued; provided, that the carrying out of such purpose shall benefit the lands within such improvement district. Such bonds or warrants may be either general obligation bonds or warrants or revenue bonds.
(Amended by Stats. 1980, Ch. 6, Sec. 14. Effective February 4, 1980.)
Terms Used In California Water Code 36412
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.