Skip to content
ChatProjectCodes

DIVISION 16. HIGHWAY DISTRICTS 25000-27567›PART 2. BOULEVARD DISTRICTS 26000-26260›CHAPTER 10. The Bond Issue 26180-26184

§ 26181

California Streets and Highways Code · 2018-11 edition · updated 2026-10-04 · California

All bonds shall be payable in lawful money of the United States at the office of the county treasurer of the county in which the district is situated, and shall bear interest at a rate not to exceed 8 percent per annum which shall be payable semiannually. Not less than one-thirtieth part of the total issue of bonds shall be payable each year, commencing not more than five years after the date of the bond issue.

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

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

Ask AI about this code
Export this section
▸Contents — California Streets and Highways Code
California Streets and Highways 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.