Water Code § 23811

CHAPTER 2A. Revenue Improvement Districts

Current as of September 28, 2026Wat. Code, § 23811Official source ↗

Amended by Stats. 1991, Ch. 1226, Sec. 31.

Upon approval by two-thirds of the board, the improvement district warrants shall be made payable over not to exceed a period of 20 years and shall specify a rate of interest fixed at the time of their issuance not exceeding 8 percent per year.