§ 24651
54 words·~1 min read·
/ca/water-code/24651A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever any warrant of a district is presented to the treasurer for payment when funds are not available for its payment, it shall thereafter draw interest at a rate determined by resolution of the board but not exceeding 8 percent per year until public notice is given that funds are available for its payment.