§ 240312
51 words·~1 min read·
/ca/public-utilities-code/240312A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds shall bear interest at a rate or rates not exceeding the maximum allowable by law, payable at intervals determined by the commission, except that the first interest payable on the bonds, or any series thereof, may be for any period not exceeding one year, as determined by the commission.