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Code · California · Water Code

§ 55339

61 words·~1 min read·/ca/water-code/55339

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A 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.
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