California § 55503. 55503. (Amended by Stats. 1971, Ch. 674.)

California Statutes

§ 55503. — 55503. (Amended by Stats. 1971, Ch. 674.)

California § 55503.

JurisdictionCalifornia

Code WATWater Code - WAT

Div. 16.DIVISION 16. COUNTY WATERWORKS DISTRICTS

Part 4.PART 4. FINANCIAL PROVISIONS

Ch. 1.CHAPTER 1. General Provisions

This text of California § 55503. (55503. (Amended by Stats. 1971, Ch. 674.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Water Code - WAT Code § 55503. (2026).

Text

The board may borrow funds from the county, other waterworks districts, and, where the district is a subsidiary district, the city, not to exceed 85 percent of the district’s anticipated revenue for the fiscal year in which they are borrowed or for the next ensuing fiscal year. In levying taxes as authorized by this division, the board may raise sufficient revenues to repay such loans.
The board may lend available district funds to another waterworks district, subject to the terms and conditions set forth in this section.
Nothing contained in this section shall prohibit the board from borrowing such funds from banks or other financial institutions when the best interests of the district are served thereby.

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The board may borrow funds from the county, other waterworks districts, and, where the district is a subsidiary district, the city, not to exceed 85 percent of the district’s anticipated revenue for the fiscal year in which they are borrowed or for the next ensuing fiscal year. In levying taxes as authorized by this division, the board may raise sufficient revenues to repay such loans.
The board may lend available district funds to another waterworks district, subject to the terms and conditions set forth in this section.
Nothing contained in this section shall prohibit the board from borrowing such funds from banks or other financial institutions when the best interests of the district are served thereby.

Legislative History

Amended by Stats. 1971, Ch. 674.

Nearby Sections

3

§ 55503.

55503. (Amended by Stats. 1971, Ch. 674.)

§ 55503.5.

55503.5. (Amended by Stats. 1971, Ch. 674.)

§ 55503.6.

55503.6. (Amended by Stats. 1971, Ch. 674.)

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