Annual payments on the loan, including both principal repayment and interest, shall be in substantially equal amounts over the term of the loan, excluding the initial deferment, if any.
Cal. Water Code § 12894.5
Local Agency Bond Payments
Added by Stats. 1971, Ch. 1078.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.