{"code":"WAT","codeName":"Water Code","section":"71953","citation":"Wat. Code, § 71953","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 20. MUNICIPAL WATER DISTRICTS [71000. - 73001.]","url":"https://blackletter.si/water-code/division-20"},{"name":"PART 7. BONDS [71852. - 71996.]","url":"https://blackletter.si/water-code/division-20/part-7"},{"name":"CHAPTER 6. Issuance and Sale of Bonds [71950. - 71975.]","url":"https://blackletter.si/water-code/division-20/part-7/chapter-6"},{"name":"ARTICLE 1. Issuance and Terms [71950. - 71960.]","url":"https://blackletter.si/water-code/division-20/part-7/chapter-6/article-1"}],"history":"Amended by Stats. 1975, Ch. 130.","effective":null,"html":"<p>The bonds shall bear interest at a rate or rates not to exceed 8 percent per year, payable semiannually, except that interest for the first year may be payable at the end of that year.</p>","text":"The bonds shall bear interest at a rate or rates not to exceed 8 percent per year, payable semiannually, except that interest for the first year may be payable at the end of that year.","otherVersions":[],"url":"https://blackletter.si/water-code/issuance-and-terms-71953","source":"California Legislative Information bulk export (pubinfo)"}