California Legal Codes and Statutes

§ 12894.5

Added by Stats. 1971, Ch. 1078.

Annual payments on the loan, including both principal repayment and interest, shall be in substantially equal amounts over the term of the loan, excluding the initial deferment, if any.

Cite this section

Cal. Wat. Code § 12894.5 (2026)
https://ca.codecond.com/codes/wat/division-6-conservation-development-and-utilization-of-state-water-resources/part-6-water-development-projects/chapter-5-5-local-agency-bond-payments/section-12894.5

Other sections in Chapter 5.5 - Local Agency Bond Payments

§ 12894§ 12894.1§ 12894.2§ 12894.3§ 12894.4§ 12894.5§ 12894.6§ 12894.7§ 12894.8

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