§ 8206

California Streets and Highways Code · 2026-10 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, and shall bear interest at a rate not to exceed 6 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.

(Added by Stats. 1949, Ch. 1147.)

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.