Direct assessment warrants shall bear interest at a rate to be fixed by the board at the time of sale thereof, not to exceed 7 percent per year, which interest may be made payable semiannually.
Cal. Water Code § 45903
Project and Government Contract Warrants
Known as the California Water Storage District Law
The act spans §§ 39000–48401 (681 sections).
Amended by Stats. 1969, Ch. 1086.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.