§ 81655
50 words·~1 min read·
/ca/water-code/81655A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The authority may issue negotiable promissory notes to acquire funds for any authority purpose. The notes shall have a term not to exceed five years. The total amount of notes issued pursuant to this section that may be outstanding at any one time may not exceed one million dollars ($1,000,000).