§ 53400
43 words·~1 min read·
/ca/government-code/53400A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A county, city, district, or political subdivision may sell any of its bonds, authorized by the electors and unsold, at a price which will net the purchaser not more than 8 percent a year, payable semiannually, on the par value of the bonds.