In determining the amount of the assessments to be levied and bonds to be issued pursuant to this chapter, the board of directors may include bond interest for facilities for delivery primarily of agricultural water supplies estimated to accrue during the period of construction, but not exceeding three years from the date of issuance of said bonds.
Cal. Water Code § 36458.1
Assessments and Bonds for Agricultural Water Delivery Facilities
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Added by Stats. 1965, Ch. 268.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.