Statute · California Government Code
Cal. Gov't Code § 53360.7 — Bonds
Cal. Gov't Code § 53360.7
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1984-09-26
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The legislative body may provide that bonds shall bear a variable interest rate, and for the manner and intervals in which the rate shall vary. The variable rate shall not exceed the maximum rate permitted by Section 53531 or any other applicable provision of law limiting the maximum interest…
Citator
Cal. Gov't Code § 53360.7 — Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
The legislative body may provide that bonds shall bear a variable interest rate, and for the manner and intervals in which the rate shall vary. The variable rate shall not exceed the maximum rate permitted by Section 53531 or any other applicable provision of law limiting the maximum interest rate on bonds.