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 · 2020-11 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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