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DIVISION 6. HARBORS AND PORTS 1690-3980›PART 4. HARBOR DEVELOPMENT BOND LAW OF 1958 3900-3953›CHAPTER 1. General Provisions 3900-3928

§ 3912

California Harbors and Navigation Code · 2018-11 edition · updated 2026-10-04 · California

The rate of interest to be borne by the bonds need not be uniform for all bonds of the same issue, series or division and shall be the rate or rates fixed and determined by the committee in a resolution adopted prior to the sale of the bonds or as specified in the bid accepted by the State Treasurer if the bonds are sold on the basis of the bidder naming the interest rate or rates, in which event the State Treasurer shall fix such rate or rates in conformity with the bid of the successful bidder.

(Added by Stats. 1958, 1st Ex. Sess., Ch. 103.)

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California Harbors and Navigation Code

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