GroundRules
WAT § 13412
Where this section sits in the code
- Water Code - WAT
- DIVISION 7. WATER QUALITY [13000. - 16201.]
- CHAPTER 6. State Financial Assistance [13400. - 13444.]
- ARTICLE 2. Loans to Local Agencies [13410. - 13417.]
No loan shall be made to a public agency unless it executes an agreement with the state board under which it agrees to repay the amount of the loan, with interest, within 25 years at 50 percent of the average interest rate paid by the state on general obligation bonds sold in the calendar year immediately preceding the year in which the loan agreement is executed.
Collected 2026-09-14T05:56:33Z. Source file · JSON