California Streets and Highways Code 8660 – As an alternative to any other authority, a legislative body may, at …
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As an alternative to any other authority, a legislative body may, at its discretion, issue bonds bearing a variable interest rate pursuant to this division. This part does not alter or restrict authority to authorize assessments or issue bonds pursuant to any other provision of this division in any way. All provisions of this division shall apply to proceedings pursuant to this part, except as expressly provided in this part.
(Added by Stats. 1985, Ch. 1332, Sec. 7. Effective October 1, 1985.)
Terms Used In California Streets and Highways Code 8660
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC