GroundRules
WAT § 12894.7
Where this section sits in the code
- Water Code - WAT
- DIVISION 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES [10000. - 12999.]
- PART 6. WATER DEVELOPMENT PROJECTS [12570. - 12949.5.]
- CHAPTER 5.5. Local Agency Bond Payments [12894. - 12894.8.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON