§ 50738
45 words·~1 min read·
/ca/government-code/50738A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds shall bear interest at a rate of not to exceed 8 percent per annum, payable annually or semiannually or in part annually and in part semiannually. Prior to the issuance of bonds the board may fix limitations or restrictions on the payment of interest.