BlackletterCalifornia law

Water Code § 52711

ARTICLE 1. Issuance and Forms

Current as of September 28, 2026Wat. Code, § 52711Official source ↗

Amended by Stats. 1975, Ch. 130.

The maturity of the refunding bonds issued pursuant to this chapter and the rate of interest thereon shall be fixed by the board, but in no case shall the maturity of any of the refunding bonds exceed 50 years nor the rate of interest exceed 8 percent per year, payable semiannually.