Water Code § 23811
‹ § 23810§ 23850 ›Open in browserleginfo ↗23811.
Upon approval by two-thirds of the board, the improvement district warrants shall be made payable over not to exceed a period of 20 years and shall specify a rate of interest fixed at the time of their issuance not exceeding 8 percent per year.
(Amended by Stats. 1991, Ch. 1226, Sec. 31.)