Section 23281 Of Article 6. Borrowing From United States From California Water Code >> Division 11. >> Part 6. >> Chapter 2. >> Article 6.

. When the United States has appraised the security underlying the indebtedness of any district or loans any district money to refund any of its indebtedness or to finance any of its operations, the district may in contracting for the loan agree that it will not during the life of the loan levy any assessment for an amount less than required by the contract.