{"code":"WAT","codeName":"Water Code","section":"12894.5","citation":"Wat. Code, § 12894.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES [10000. - 12999.]","url":"https://blackletter.si/water-code/division-6"},{"name":"PART 6. WATER DEVELOPMENT PROJECTS [12570. - 12949.5.]","url":"https://blackletter.si/water-code/division-6/part-6"},{"name":"CHAPTER 5.5. Local Agency Bond Payments [12894. - 12894.8.]","url":"https://blackletter.si/water-code/division-6/part-6/chapter-5.5"}],"history":"Added by Stats. 1971, Ch. 1078.","effective":null,"html":"<p>Annual payments on the loan, including both principal repayment and interest, shall be in substantially equal amounts over the term of the loan, excluding the initial deferment, if any.</p>","text":"Annual payments on the loan, including both principal repayment and interest, shall be in substantially equal amounts over the term of the loan, excluding the initial deferment, if any.","otherVersions":[],"url":"https://blackletter.si/water-code/local-agency-bond-payments-12894-5","source":"California Legislative Information bulk export (pubinfo)"}