§ 99325
45 words·~1 min read·
/ca/public-utilities-code/99325A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds shall be sold as the transportation planning agency shall determine but for not less than a price which will produce a net interest cost that will not exceed an average of 7 percent a year as determined by standard tables of bond values.