DIVISION 15. RECLAMATION DISTRICTS 50000-53901›PART 8. BONDS AND REFUNDING BONDS 52100-52862›CHAPTER 4. Alternate Method for Refunding Bonds 52700-52760›ARTICLE 1. Issuance and Forms 52700-52714

§ 52711

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

The maturity of the refunding bonds issued pursuant to this chapter and the rate of interest thereon shall be fixed by the board, but in no case shall the maturity of any of the refunding bonds exceed 50 years nor the rate of interest exceed 8 percent per year, payable semiannually.

(Amended by Stats. 1975, Ch. 130.)

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California Water Code

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