Water Code section 45903

Direct assessment warrants shall bear interest at a rate to be fixed by the board at the time of sale thereof, not to exceed 7 percent per year, which interest may be made payable semiannually.

Source: Section 45903, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=45903. (updated Jan. 1, 1969; accessed Oct. 6, 2025).

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Up to date

Verified:
Oct. 6, 2025

§ 45903's source at ca.gov

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Location: https://california.public.law/codes/water_code_section_45903

Original Source: Section 45903, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=45903. (last accessed May 12, 2025).