                                 CODE OF VIRGINIA

POWER TO INCUR DEBTS AND ACCEPT GIFTS, ETC.; WATERSHED IMPROVEMENT DISTRICT TO
HAVE SAME POWERS AS SOIL AND WATER CONSERVATION DISTRICT (§ 10.1-633)

A watershed improvement district shall have power, as set forth in this article,
to incur debts and repay them over the period of time and at the rate or rates
of interest, not exceeding eight percent, that the lender agrees to. Any
watershed improvement district may accept, receive and expend gifts, grants or
loans from whatever source received. In addition, they shall have the same
powers, to the extent necessary, within the watershed improvement district that
the soil and water conservation district or districts in which the same is
located exercise or may possess.

HISTORY: 1956, c. 668, § 21-112.20; 1964, c. 512; 1977, c. 40; 1988, c. 891.