{"code":"WAT","codeName":"Water Code","section":"74853","citation":"Wat. Code, § 74853","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 21. WATER CONSERVATION DISTRICTS [74000. - 76501.]","url":"https://blackletter.si/water-code/division-21"},{"name":"PART 6. FINANCIAL PROVISIONS [74750. - 74977.]","url":"https://blackletter.si/water-code/division-21/part-6"},{"name":"CHAPTER 3. Bonds [74790. - 74872.]","url":"https://blackletter.si/water-code/division-21/part-6/chapter-3"},{"name":"ARTICLE 5. Issuance and Terms [74850. - 74857.]","url":"https://blackletter.si/water-code/division-21/part-6/chapter-3/article-5"}],"history":"Amended by Stats. 1975, Ch. 130.","effective":null,"html":"<p>The bonds shall bear interest at a rate not exceeding 8 percent per year, payable annually or semiannually as may be prescribed by the board at the time of the issuance of the bonds.</p>","text":"The bonds shall bear interest at a rate not exceeding 8 percent per year, payable annually or semiannually as may be prescribed by the board at the time of the issuance of the bonds.","otherVersions":[],"url":"https://blackletter.si/water-code/issuance-and-terms-74853","source":"California Legislative Information bulk export (pubinfo)"}