Statute · California Government Code
Cal. Gov't Code § 37657 — Hospitals Managed by City Legislative Body
Cal. Gov't Code § 37657
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In receiving a money donation, the city may agree to pay the donors interest not exceeding 7 percent a year upon the principal during the lifetime of the donors or the survivor. Such a payment shall not be made for more than 40 years. The principal of such a donation shall not be repaid.
Citator
Cal. Gov't Code § 37657 — Hospitals Managed by City Legislative Body is in force in the current edition of the Code, and nothing recorded condemns it.
In receiving a money donation, the city may agree to pay the donors interest not exceeding 7 percent a year upon the principal during the lifetime of the donors or the survivor. Such a payment shall not be made for more than 40 years. The principal of such a donation shall not be repaid.