California § 71810.5 - Notwithstanding the provisions of Section 71810 which limit the rate of interest
Full text of California Public Contract Code - PCC § 71810.5 — Notwithstanding the provisions of Section 71810 which limit the rate of interest, with citation guidance and answers to common questions.
§ 71810.5. Notwithstanding the provisions of Section 71810 which limit the rate of interest
Notwithstanding the provisions of Section 71810 which limit the rate of interest which promissory notes issued by a district may bear, the Otay Municipal Water District may issue promissory notes which bear interest at a rate not exceeding 15 percent per year. All other provisions of Section 71810 shall be applicable to the issuance of such notes. No promissory notes shall be issued by the Otay Municipal Water District pursuant to this section after five years following the effective date of this section, provided that this provision shall not affect the validity of any such notes issued prior to such date.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 71810.5
What does Public Contract Code - PCC § 71810.5 cover?
Section 71810.5 ("Notwithstanding the provisions of Section 71810 which limit the rate of interest") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 71810.5?
A common citation format is "Public Contract Code - PCC § 71810.5" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 71810.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.