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DIVISION 5. SANITATION 4600-6127›PART 3. COMMUNITY FACILITIES 4600-6127›CHAPTER 1. Community Facilities Law of 1911 4600-4650›ARTICLE 3. Issuance of Bonds 4615-4625

§ 4618

California Health and Safety Code · 2020-11 edition · updated 2026-10-04 · California

The maximum rate of interest to be paid on the bonded indebtedness shall be 8 percent per annum, and shall be payable semiannually. The first interest payable on the bonds or any series of the bonds may, however, be for any period not exceeding one year, as determined by the governing body.

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

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California Health and Safety Code

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