{"data":{"id":"us-ca/wat-55522","jurisdiction":"us-ca","citation":"WAT § 55522","heading":"","body":"The board shall designate an amount, not less than one-fortieth of the principal amount of the indebtedness, or series thereof, which shall be paid annually at a fixed time and place, together with the interest on all sums unpaid. The rate of interest shall be designated in the bonds and shall be paid semiannually at a rate not in excess of 8 percent per year; except that interest for the first year after the date of the bonds may be made payable at the end of said year.","path":["Water Code - WAT","DIVISION 16. COUNTY WATERWORKS DISTRICTS [55000. - 55991.]","PART 4. FINANCIAL PROVISIONS [55500. - 55720.]","CHAPTER 2. Bonds [55520. - 55679.]","ARTICLE 1. Issuance and Sale [55520. - 55534.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"cda58cb7db50465b4f481c52bb8e7908942e20a2e453180eaaee5e32bb9fe1d8","source_id":"us-ca","stale":false,"prev":"us-ca/wat-55521","next":"us-ca/wat-55523"},"notice":"GroundRules: Original legal text. Not legal advice."}