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DIVISION 11. IRRIGATION DISTRICTS 20500-29978›PART 8. FINANCIAL ORGANIZATION 24250-24771›CHAPTER 3. Funds 24475-24530›ARTICLE 2. Payment and Purchase of Bonds 24500-24507

§ 24504

California Water Code · 2020-11 edition · updated 2026-10-04 · California

If money is not available in the fund designated for the payment of any matured bond or interest coupon, it shall draw interest at the annual adjusted rate established by the Franchise Tax Board, as provided in Section 19269 of the Revenue and Taxation Code, from the date of its presentation for payment until notice is given that funds are available for its payment.

(Amended by Stats. 1985, Ch. 771, Sec. 7.)

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California Water Code

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