California Water Code
§ 23811
WAT § 23811Div. 11 · Part 7 · Ch. 2A
Statute text
View on leginfo.ca.govUpon approval by two-thirds of the board, the improvement district warrants shall be made payable over not to exceed a period of 20 years and shall specify a rate of interest fixed at the time of their issuance not exceeding 8 percent per year.
Legislative history
Amended by Stats. 1991, Ch. 1226, Sec. 31.