In the case of any district described in Section 20560.2 with respect to construction bonds issued for purposes of financing the works described in that section, the estimate may also include a sum sufficient to pay the interest on the proposed construction bonds for 10 years or less.
Cal. Water Code § 24955.1
Construction Bonds
Known as the Irrigation District Law
The act spans §§ 20500 to 29978 (1,017 sections).
Amended by Stats. 1992, Ch. 1020, Sec. 18
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.