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2011 California Code
Water Code
DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000 - 48401]
ARTICLE 1. Project and Government Contract Warrants
Section 45903


CA Water Code § 45903 (through 2012 Leg Sess) What's This?

Direct assessment warrants shall bear interest at a rate to be fixed by the board at the time of sale thereof, not to exceed 7 percent per year, which interest may be made payable semiannually.

(Amended by Stats. 1969, Ch. 1086.)

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