California Statutes
§ 13867. — 13867. (Added by Stats. 1975, Ch. 1008.)
California § 13867.
JurisdictionCalifornia
Code WATWater Code - WAT
Div. 7.DIVISION 7. WATER QUALITY
Ch. 10.5.CHAPTER 10.5. California Safe Drinking Water Bond Law of 1976
This text of California § 13867. (13867. (Added by Stats. 1975, Ch. 1008.)) 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 § 13867. (2026).
Text
The department shall require the payment of interest on each loan that is made pursuant to the provisions of this chapter at a rate equal to the average, as determined by the State Treasurer, of the net interest cost to the state on the sales of general obligation bonds pursuant to the provisions of this chapter. However, when the applicable average of the net interest costs to the state is not a multiple of one-tenth of 1 percent the interest rate shall be at the multiple of one-tenth of 1 percent next above the applicable average of the net interest costs.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Stats. 1975, Ch. 1008. Approved in Proposition 3 at the June 8, 1976, election.
Cite This Page — Counsel Stack
Bluebook (online)
California § 13867., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/WAT/13867..