This law allows certain water districts in California, which primarily deliver water for agriculture and have at least 51% of their land designated for agricultural uses, to issue revenue warrants. This can be done to raise funds for any lawful purpose, including paying off debts. However, these districts can only issue revenue warrants in a year where they do not receive their full water supply from a contract with the federal government, the state, or another public entity that usually provides a significant portion of their water needs.

This law explains that revenue warrants, which are a type of district financial obligation, can be backed by the money the district earns from certain charges or other non-assessment sources. The district board has the option to use this income as a guarantee for repaying the warrants, including both the main amount due and any interest. However, these revenue warrants cannot be secured by any money from assessments.

This law states that revenue warrants, which are similar to government-issued IOUs, can have an interest rate of up to 8% per year. The interest may be paid once or twice a year, depending on what the board decides.

This law explains that revenue warrants, a type of debt instrument issued by a governing board, must be paid back within 10 years from the date they are issued.

This law section states that revenue warrants can be repaid before their scheduled maturity date. The board in charge can set the rules for how and when this early redemption can happen, including any terms, conditions, and prices involved, before the warrants are issued.

This law allows revenue warrants, which are a type of financial instrument, to be sold either publicly or privately under terms set by the board in charge. They can be sold for less than their original value, but they must not be sold at a rate that would give the buyer an annual return of more than 8%, calculated semiannually using standard bond value tables.

This law states that revenue warrants can only be issued or sold after the board has authorized their issuance, and this decision must pass with a four-fifths majority vote of the board members.

If the board decides to issue revenue warrants and then receives a petition within 30 days signed by people owning 10% of the district's land, they must hold an election. This election allows voters in the district to approve or reject the decision to issue these revenue warrants. It follows the same procedures as other bond elections, but it requires a majority vote in favor for the decision to be approved.

This law allows the board to decide how revenue warrants should look, their value, how they are signed, and where they can be registered, exchanged, and paid.

This law allows a board to create special funds for dealing with money gained from revenue warrants and the income promised to pay them off. They can also set up a reserve fund using the proceeds or the pledged income. Additionally, the board can hire a fiscal agent to manage these funds on behalf of both the revenue warrant holders and the district.

This law allows a board, when issuing revenue warrants (a type of loan or bond), to promise to run and maintain the facilities that generate income to pay back these loans. They can also pledge to set and collect fees or charges that will cover the loan payments and provide additional security if needed. The board can agree on other protections like insurance, investment handling, financial audits, dealing with defaults, and restricting competing facilities to enhance the loans' safety and market appeal.

This law section allows the board to decide, through a formal decision (called a resolution), to pay for up to one year of interest on revenue warrants using money made from selling these warrants.

This law allows the holders of revenue warrants to force the district board or its officers to fulfill their duties related to handling the revenues or proceeds connected with those warrants. If the district fails to manage the funds as promised, warrant holders can take legal action, such as filing a mandamus, to enforce their rights. However, this doesn't limit them to only these actions; they can pursue other available remedies if needed.

This law states that a district in California cannot issue revenue warrants totaling more than four million dollars in one fiscal year.

This law states that the ability of a district to borrow money, take on debt, and issue financial instruments like warrants is an additional power. It does not limit or restrict the district's existing powers to do these things.