Cal. PCC § 20611
This is the official text of Cal. PCC § 20611, part of California’s Public Contract Code — governs how California government agencies award and manage contracts.
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Official statutory text
Under no circumstances shall the total amount of all reimbursement payments made or agreed to be made exceed the amount, specified in said contract, for the total cost of the water system facilities exclusive of the costs attributable to the land of the installer. An amount attributable to interest may also be included in the contract, at a rate not to exceed 4 percent per annum from the date of installation to the date of connection of other land to the facilities.
Status: in_force · Read it on the official government site
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