§ 9260 Drainage District Bond Issuance
A neighborhood has a lot of flooding problems, so the board decides to build better drains. They charge each homeowner a fee to pay for it.
The board can also decide to take out a big loan (issue bonds) to pay for the drains right away. Then, the homeowners will pay back the loan over time with a little extra (interest).
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 9260 Drainage District Bond Issuance
Last verified: January 23, 2026