Section 12894.7.

Cal. Water Code - WAT § 12894.7.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The department shall require the payment of interest on each loan that is made pursuant to Section 12894.3 at a rate equal to the weighted average of the interest rates paid by the state on bonds issued under the California Water Resources Development Bond Act (Chapter 8 (commencing with Section 12930) of this part), without regard to any premiums received on the sale of such bonds, as of the date of the loan.

References

referencesCal. Water Code - WAT § 12894.3.
referencesCal. Water Code - WAT § 12930.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements