Water Code § 24651
‹ § 24650§ 24652 ›Open in browserleginfo ↗24651.
Whenever any warrant of a district is presented to the treasurer for payment when funds are not available for its payment, it shall thereafter draw interest at a rate determined by resolution of the board but not exceeding 8 percent per year until public notice is given that funds are available for its payment.
(Amended by Stats. 1975, Ch. 130.)