{"code":"WAT","codeName":"Water Code","section":"12894.7","citation":"Wat. Code, § 12894.7","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>The department shall require the payment of interest on each loan that is made pursuant to Section <a href=\"/wat/12894.3\">12894.3</a> at a rate equal to the weighted average of the interest rates paid by the state on bonds issued under the California Water Resources Development Bond Act (Chapter 8 (commencing with Section <a href=\"/wat/12930\">12930</a>) of this part), without regard to any premiums received on the sale of such bonds, as of the date of the loan.</p>","text":"The department shall require the payment of interest on each loan that is made pursuant to Section 12894.3 at a rate equal to the weighted average of the interest rates paid by the state on bonds issued under the California Water Resources Development Bond Act (Chapter 8 (commencing with Section 12930) of this part), without regard to any premiums received on the sale of such bonds, as of the date of the loan.","otherVersions":[],"url":"https://blackletter.si/water-code/local-agency-bond-payments-12894-7","source":"California Legislative Information bulk export (pubinfo)"}