DIVISION 15. RECLAMATION DISTRICTS 50000-53901›PART 7. ASSESSMENTS 51200-51894›CHAPTER 3. Payment and Collection 51500-51570›ARTICLE 1. General Provisions 51500-51503

§ 51502

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

At least 90 days before any installment of interest is due on any time warrants the board shall estimate the amount necessary to pay the interest, after crediting thereon the funds in the “warrant interest fund” applicable to the payment thereof, and shall add thereto 15 percent of the aggregate sum to cover possible delinquencies, and make a call on interest due on any unpaid unbonded assessment equivalent to the amount so estimated.

(Added by Stats. 1951, Ch. 336.)

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California Water Code

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