The rate of interest on unpaid operation and maintenance assessments is 112 percent per month commencing from the date of delinquency unless the board, by resolution, adopts a lesser rate and files a certified copy of the resolution with the county treasurer for insertion in the operation and maintenance assessment roll.
Cal. Water Code § 51342
Operation and Maintenance Assessments
Amended by Stats. 1990, Ch. 417, 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.