§ 36385
68 words·~1 min read·
/ca/water-code/36385A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Revenue warrants may be sold at either public or private sale upon such terms and conditions as the board may determine. Such warrants may be sold at less than their par or face value, but no revenue warrant may be sold at a price which would yield to the purchaser an average of more than 8 percent per annum, payable semiannually, according to standard tables of bond values.