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DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW 39000-48401›PART 8. BONDS 45100-45932›CHAPTER 7. Direct Assessment Warrants 45900-45932›ARTICLE 1. Project and Government Contract Warrants 45900-45907

§ 45903

California Water Code · 2018-11 edition · updated 2026-10-04 · California

Direct assessment warrants shall bear interest at a rate to be fixed by the board at the time of sale thereof, not to exceed 7 percent per year, which interest may be made payable semiannually.

(Amended by Stats. 1969, Ch. 1086.)

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California Water Code

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