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DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915 8500-8887›PART 6.5. VARIABLE INTEREST RATE BONDS 8660-8665.5

§ 8660.5

California Streets and Highways Code · 2020-11 edition · updated 2026-10-04 · California

The legislative body may determine to issue serial or term bonds, or both, bearing a variable interest rate that represent and are secured by assessments which are made to pay the cost of any authorized work or improvement. The bonds shall be sold at not less than 95 percent of the principal amount in the manner determined by the legislative body.

(Added by Stats. 1985, Ch. 1332, Sec. 7. Effective October 1, 1985.)

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California Streets and Highways Code

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