Water Code section 9398

The bonds shall bear interest at a rate to be fixed by the order of the board for issuance of the bonds not to exceed 6 per cent per annum payable semiannually on the first day of January and the first day of July in each year, at the office of the State Treasurer upon presentation of the proper coupons therefor.

Source: Section 9398, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=WAT§ionNum=9398.­ (updated Jan. 1, 1943; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 9398's source at ca​.gov