California Water Code ARTICLE 1 - Project and Government Contract Warrants

• Section 45900.
  For the purpose of financing a district project or government contract which has been approved by the voters of the district, the board of directors...
• Section 45901.
  Direct assessment warrants shall be signed by the president and secretary in face amount not exceeding in the aggregate the cost of the project or...
• Section 45902.
  Direct assessment warrants shall be made payable in amounts and at the times corresponding substantially to the amounts and times of payment of the installments...
• Section 45903.
  Direct assessment warrants shall bear interest at a rate to be fixed by the board at the time of sale thereof, not to exceed 7...
• Section 45904.
  Coupons for the interest on these warrants may be attached to them.(Added by Stats. 1961, Ch. 976.)
• Section 45905.
  Direct assessment warrants may be made payable to any of the following:(a) Bearer.(b) Persons furnishing work, labor or material.(c) The contractor if the work on the project is...
• Section 45906.
  Direct assessment warrants may be sold by the district for not less than par at either public or private sale.(Added by Stats. 1961, Ch. 976.)
• Section 45907.
  Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its board be invested...

Last modified: October 22, 2018