Under no circumstances shall the total amount of all reimbursement payments made or agreed to be made exceed the amount, specified in said contract, for the total cost of the water system facilities exclusive of the costs attributable to the land of the installer. An amount attributable to interest may also be included in the contract, at a rate not to exceed 4 percent per annum from the date of installation to the date of connection of other land to the facilities.
Cal. Pub. Cont. Code § 20611
County Waterworks Districts
Known as the Local Agency Public Construction Act
The act spans §§ 20100–20929 (618 sections).
Applied in 1 court decision — leading case 105 Cal. App. 4th 590 - Tower Acton Holdings, LLC v. Los Angeles County Waterworks District No. 37 (2003)
Most recently applied in 105 Cal. App. 4th 590 - Tower Acton Holdings, LLC v. Los Angeles County Waterworks District No. 37 (January 2003)
Added by Stats. 1982, Ch. 465, Sec. 11.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.