DIVISION 18. PARKING 31500-36745›PART 2. PARKING LAW OF 1949 32500-33552›CHAPTER 5. Revenue Bonds 33100-33148

§ 33138

California Streets and Highways Code · 2026-09 edition · updated 2026-10-03 · California

The authority may sell bonds at a price below the par or face value, provided that the discount on any bonds so sold shall not exceed 8 percent of the par value thereof.

The interest rate on the bonds shall not exceed 8 percent, payable semiannually. The sale shall be conducted in compliance with Chapter 10 (commencing with Section 5800) of Division 6 of Title 1 of the Government Code.

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

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California Streets and Highways Code

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