Indebtedness incurred under this chapter shall be evidenced by warrants or negotiable notes of the district payable at stated times fixed by the board and bearing interest at a rate not exceeding 8 percent per annum, payable annually or semiannually.
Cal. Water Code § 36402
Provisions Relating to Short Term Borrowings
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Amended by Stats. 1976, Ch. 533.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.