{"code":"WAT","codeName":"Water Code","section":"9456","citation":"Wat. Code, § 9456","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 5. FLOOD CONTROL [8000. - 9651.]","url":"https://blackletter.si/water-code/division-5"},{"name":"PART 5. RECLAMATION BOARD BOND ACT [9250. - 9577.]","url":"https://blackletter.si/water-code/division-5/part-5"},{"name":"CHAPTER 6. Bonds [9395. - 9527.]","url":"https://blackletter.si/water-code/division-5/part-5/chapter-6"},{"name":"ARTICLE 5. Payment of Principal, Interest and Redemption [9455. - 9461.]","url":"https://blackletter.si/water-code/division-5/part-5/chapter-6/article-5"}],"history":"Added by Stats. 1943, Ch. 369.","effective":null,"html":"<p>Not less than 10 per cent of the aggregate face value of the bonds shall be payable within 10 years from their date, and not less than 9 per cent of the aggregate face value of the bonds issued shall be payable each year beginning with the eleventh year from their date until the whole amount of the bonds has been paid.</p>","text":"Not less than 10 per cent of the aggregate face value of the bonds shall be payable within 10 years from their date, and not less than 9 per cent of the aggregate face value of the bonds issued shall be payable each year beginning with the eleventh year from their date until the whole amount of the bonds has been paid.","otherVersions":[],"url":"https://blackletter.si/water-code/payment-of-principal-interest-and-redemption-9456","source":"California Legislative Information bulk export (pubinfo)"}