§ 52711
51 words·~1 min read·
/ca/water-code/52711A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.