The board may provide that the district shall be repaid for any advance of funds, with interest at a rate not to exceed the interest value of money to the district, from the taxes levied exclusively upon the taxable property in the improvement district.
Cal. Water Code § 72031
Advance of Funds
Known as the Municipal Water District Law
The act spans §§ 71000–73001 (528 sections).
Amended by Stats. 1969, Ch. 708.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.