SECTIONS 24250-24253 - California Statutes

WATER CODE

SECTION 24250-24253

24250. A district may not incur any debt or liability whatever in
excess of the express provisions of this division. Any debt or
liability so incurred is absolutely void.

24251. For the purposes of formation or for any other of its
purposes a district may, before the levying of the first assessment,
incur indebtedness in a total amount not to exceed two thousand
dollars, ($2,000) or, if the district contains more than 4,000 acres,
one-half as many dollars as there are acres of land in the district.

24252. A district shall have the right to enter into any contract
or lease for any property necessary in the judgment of its board for
any of the uses or purposes of the district and by the lease or
contract to bind the district for the payment of the consideration
specified in the lease or contract as may be provided therein.

24252.1. A district may enter into any forward contract, or futures
contract, or put, call, or swap agreement, or similar procurement
method for electricity, natural gas, or coal, or any weather, fuel,
or energy risk management contract determined to be in the best
interests of the district by the board of directors of the district
for any of the uses or purposes of the district and by those
contracts or agreements to bind the district for the payment of the
consideration specified therein.

24253. A district may contract with any state agency to finance any
district improvement authorized by this division that is related to
the provision of water for human consumption. The terms of the
contract shall be consistent with this division. Notwithstanding any
other provision in this division, the term of the contract may extend
up to 30 years.