California Health and Safety Code 4988 – The bonds shall bear interest, as the governing body shall determine, …
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The bonds shall bear interest, as the governing body shall determine, at a rate not to exceed 8 percent per annum, and shall, after the first principal maturity, be payable semiannually by coupon.
(Amended by Stats. 1975, Ch. 130.)
Terms Used In California Health and Safety Code 4988
- Bonds: as used in this chapter , means revenue bonds authorized by this chapter. See California Health and Safety Code 4956
- Governing body: as used in this chapter , means the governing body of the district. See California Health and Safety Code 4952