Water Code - WAT
DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901]
( Division 15 added by Stats. 1951, Ch. 336. ) PART 9. WARRANTS [53000 - 53342]
( Part 9 added by Stats. 1951, Ch. 336. ) CHAPTER 3. Miscellaneous Provisions [53300 - 53342]
( Chapter 3 added by Stats. 1951, Ch. 336. ) ARTICLE 1. Interest Rate [53300- 53300.]
( Article 1 added by Stats. 1951, Ch. 336. ) 53300.
The board may provide, by resolution entered in its minutes, such rate of interest upon warrants as it deems reasonable, not to exceed 12 percent per year.
(Amended by Stats. 1983, Ch. 1109, Sec. 7. Effective September 28, 1983.)