TITLE 4. GOVERNMENT OF CITIES 34000-45345›DIVISION 3. OFFICERS 36501-41805›PART 2. LEGISLATIVE BODY 36801-40592›CHAPTER 5. City Property 37350-37685›ARTICLE 8. Hospitals Managed by City Legislative Body 37650-37660

§ 37657

California Government Code · 2018-11 edition · updated 2026-10-04 · California

In receiving a money donation, the city may agree to pay the donors interest not exceeding 7 percent a year upon the principal during the lifetime of the donors or the survivor. Such a payment shall not be made for more than 40 years. The principal of such a donation shall not be repaid.

(Added by Stats. 1949, Ch. 79.)

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California Government Code

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