Water Code § 36402
‹ § 36401§ 36402.1 ›Open in browserleginfo ↗36402.
Indebtedness incurred under this chapter shall be evidenced by warrants or negotiable notes of the district payable at stated times fixed by the board and bearing interest at a rate not exceeding 8 percent per annum, payable annually or semiannually.
(Amended by Stats. 1976, Ch. 533.)