California Statutes

§ 44955. — 44955. (Amended by Stats. 1977, Ch. 188.)

California § 44955.
JurisdictionCalifornia
Code WATWater Code - WAT
Div. 14.DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW
Part 7.PART 7. FINANCIAL ORGANIZATION
Ch. 5.CHAPTER 5. Revenue Warrants

This text of California § 44955. (44955. (Amended by Stats. 1977, Ch. 188.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Water Code - WAT Code § 44955. (2026).

Text

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.

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Legislative History

Amended by Stats. 1977, Ch. 188.
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