California § 60270. 60270. (Amended by Stats. 1975, Ch. 130.)

California Statutes

§ 60270. — 60270. (Amended by Stats. 1975, Ch. 130.)

California § 60270.

JurisdictionCalifornia

Code WATWater Code - WAT

Div. 18.DIVISION 18. WATER REPLENISHMENT DISTRICTS

Part 5.PART 5. FINANCES

Ch. 4.CHAPTER 4. Bonds

This text of California § 60270. (60270. (Amended by Stats. 1975, Ch. 130.)) 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.

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Cal. Water Code - WAT Code § 60270. (2026).

Text

Whenever the board deems it necessary for the district to incur a bonded indebtedness, the board shall, by resolution, so declare and state the purpose for which the proposed debt is to be incurred, the amount of debt to be incurred, the maximum term the bonds proposed to be issued shall run before maturity, which shall not exceed 40 years; the maximum rate of interest to be paid, which shall not exceed 8 percent per annum, and the measure to be submitted to the voters.

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Whenever the board deems it necessary for the district to incur a bonded indebtedness, the board shall, by resolution, so declare and state the purpose for which the proposed debt is to be incurred, the amount of debt to be incurred, the maximum term the bonds proposed to be issued shall run before maturity, which shall not exceed 40 years; the maximum rate of interest to be paid, which shall not exceed 8 percent per annum, and the measure to be submitted to the voters.

Legislative History

Amended by Stats. 1975, Ch. 130.

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California § 60270., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/WAT/60270..