TITLE 3. POSTSECONDARY EDUCATION 66000-101060›DIVISION 9. UNIVERSITY OF CALIFORNIA 92000-92961›PART 57. UNIVERSITY OF CALIFORNIA 92000-92988›CHAPTER 5. The University of California Revenue Bond Act of 1947 92400-92571›ARTICLE 3. Revenue Bonds 92470-92496.1

§ 92481

California Education Code · 2020-11 edition · updated 2026-10-04 · California

Bonds may be sold at either public or private sale. The regents may fix terms and conditions for the sale or other disposition of any authorized issue of bonds. The regents may sell bonds at less than their par or face value, but no bond may be sold at a price below the par or face value of the bond which would result in a sale price yielding to the purchaser an average of more than 12 percent per annum, payable semiannually, according to standard tables of bond values.

(Amended (as amended by Stats. 1984, Ch. 33) by Stats. 1989, Ch. 321, Sec. 13.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Education Code

California Education Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.