§ 32305
37 words·~1 min read·
/ca/health-and-safety-code/32305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The rate of interest to be borne by bonds issued under the authority of this chapter shall be fixed by the board of directors. The rate shall not exceed 8 percent per annum, payable annually or semiannually.