California Statutes
§ 71810.5. — 71810.5. (Added by Stats. 1980, Ch. 274, Sec. 1.)
California § 71810.5.
JurisdictionCalifornia
Code WATWater Code - WAT
Div. 20.DIVISION 20. MUNICIPAL WATER DISTRICTS
Part 6.PART 6. FINANCIAL PROVISIONS
Ch. 2.CHAPTER 2. Promissory Notes
This text of California § 71810.5. (71810.5. (Added by Stats. 1980, Ch. 274, Sec. 1.)) 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 § 71810.5. (2026).
Text
Notwithstanding the provisions of Section 71810 which limit the rate of interest which promissory notes issued by a district may bear, the Otay Municipal Water District may issue promissory notes which bear interest at a rate not exceeding 15 percent per year. All other provisions of Section 71810 shall be applicable to the issuance of such notes. No promissory notes shall be issued by the Otay Municipal Water District pursuant to this section after five years following the effective date of this section, provided that this provision shall not affect the validity of any such notes issued prior to such date.
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Legislative History
Added by Stats. 1980, Ch. 274, Sec. 1. Effective June 29, 1980.
Nearby Sections
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California § 71810.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/WAT/71810.5..