California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 15. RECLAMATION DISTRICTS |
Part 9. WARRANTS |
Chapter 3. Miscellaneous Provisions |
ARTICLE 1. Interest Rate |
Section 53300.
Latest version.
-
The board may provide, by resolution entered in its minutes, such rate of interest upon warrants as it deems reasonable, not to exceed 12 percent per year.
(Amended by Stats. 1983, Ch. 1109, Sec. 7. Effective September 28, 1983.)