California § 12894.7. 12894.7. (Added by Stats. 1971, Ch. 1078.)

California Statutes

§ 12894.7. — 12894.7. (Added by Stats. 1971, Ch. 1078.)

California § 12894.7.

JurisdictionCalifornia

Code WATWater Code - WAT

Div. 6.DIVISION 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES

Part 6.PART 6. WATER DEVELOPMENT PROJECTS

Ch. 5.5.CHAPTER 5.5. Local Agency Bond Payments

This text of California § 12894.7. (12894.7. (Added by Stats. 1971, Ch. 1078.)) 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.

Bluebook

Cal. Water Code - WAT Code § 12894.7. (2026).

Text

The department shall require the payment of interest on each loan that is made pursuant to Section 12894.3 at a rate equal to the weighted average of the interest rates paid by the state on bonds issued under the California Water Resources Development Bond Act (Chapter 8 (commencing with Section 12930) of this part), without regard to any premiums received on the sale of such bonds, as of the date of the loan.

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The department shall require the payment of interest on each loan that is made pursuant to Section 12894.3 at a rate equal to the weighted average of the interest rates paid by the state on bonds issued under the California Water Resources Development Bond Act (Chapter 8 (commencing with Section 12930) of this part), without regard to any premiums received on the sale of such bonds, as of the date of the loan.