Earlier editions: 2020-112018-11
DIVISION 20. MUNICIPAL WATER DISTRICTS 71000-73001›PART 7. BONDS 71852-71996›CHAPTER 6. Issuance and Sale of Bonds 71950-71975›ARTICLE 1. Issuance and Terms 71950-71960
§ 71953
California Water Code · 2026-10 edition · updated 2026-10-04 · California
The bonds shall bear interest at a rate or rates not to exceed 8 percent per year, payable semiannually, except that interest for the first year may be payable at the end of that year.
(Amended by Stats. 1975, Ch. 130.)
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