Section 24251 Of Article 1. Creation Of Liabilities From California Water Code >> Division 11. >> Part 8. >> Chapter 1. >> Article 1.

. 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.