The improvement district assessment shall include a sum that equals interest on any deferred payments at a rate not to exceed 8 percent per year, and 10 percent additional for anticipated delinquencies.
Cal. Water Code § 75210
Assessment and Warrants
Known as the Water Conservation District Law
The act spans §§ 74000 to 76501 (513 sections).
Amended by Stats. 1975, Ch. 130.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.