§ 23811
44 words·~1 min read·
/ca/water-code/23811A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.