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

California Statutes

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

California·Code WAT Water 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

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

California § 12894.7. (12894.7. (Added by Stats. 1971, Ch. 1078.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.