California Education Code 81929.5 – Bonds shall bear interest at a rate of not to exceed 12 percent per …
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Bonds shall bear interest at a rate of not to exceed 12 percent per annum, payable annually or semiannually, or in part annually and in part semiannually.
(Amended (as amended by Stats. 1984, Ch. 33) by Stats. 1989, Ch. 321, Sec. 1.)