§ 12860
74 words·~1 min read·
/ca/public-utilities-code/12860A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds issued by a district, pursuant to Article 8 (commencing with Section 53540) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code, may bear interest at the rate or rates as may be fixed by the board of directors without regard to the limitations set forth in Section 53541 of the Government Code, and may be sold at a discount, as determined by the board of directors.