All unpaid assessments shall bear interest at the rate of 12 percent per annum. Interest shall commence to run 30 days after the board has adopted a resolution calling for the sale of bonds secured by the assessment.
Cal. Water Code § 35520.21
Provisions Pertaining Only to the Lost Hills Water District
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Added by Stats. 1983, Ch. 57, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.