Statute · California Water Code
Cal. Water Code § 25208 — Bond Terms
Cal. Water Code § 25208
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Date
- 1981-06-14
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The bonds shall bear interest at a rate not to exceed 8 percent per year to be fixed by the board, except that, if, before the issuance of the bonds, the board determines, to the best of its knowledge and belief, that the interest on the bonds will be subject to federal income taxation under…
Citator
Cal. Water Code § 25208 — Bond Terms is in force in the current edition of the Code, and nothing recorded condemns it.
The bonds shall bear interest at a rate not to exceed 8 percent per year to be fixed by the board, except that, if, before the issuance of the bonds, the board determines, to the best of its knowledge and belief, that the interest on the bonds will be subject to federal income taxation under then existing law, the bonds may bear interest at a rate or rates not exceeding 10 percent per year to be fixed by the board.
This section shall become operative on January 1, 1984.