California Water Code

§ 37181

WAT § 37181Div. 13 · Part 7 · Ch. 7

Statute text

In each succeeding fiscal year, the redemptioner shall pay, before the delinquency date of the last installment of current assessments, the sum of the following:

(a)That amount which is computed to be not less than the difference between the amounts previously paid under the provisions of this chapter, excepting amounts paid as interest, and:

(1)6623 percent of the redemption amount when the payment is made during or prior to the first fiscal year following the year in which election was made to pay delinquent assessments in installments.

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Legislative history

Added by Stats. 1972, Ch. 50.