DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 9. HEALTH BENEFITS FOR DEPENDENTS OF STATE EMPLOYEES 22980›CHAPTER 13. Miscellaneous Powers 26200-26231›ARTICLE 2. Revenue Bonds 26315-26353

§ 26338

California Government Code · 2026-09 edition · updated 2026-09-27 · California

Bonds shall bear interest at a rate of not to exceed 8 percent per annum, payable annually or semiannually or in part annually and in part semiannually. Prior to the issuance of bonds the board may fix limitations or restrictions on the payment of interest.

(Amended by Stats. 1975, Ch. 130.)

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California Government Code

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