Statute · California Government Code
Cal. Gov't Code § 53400 — Unsold Bonds
Cal. Gov't Code § 53400
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A county, city, district, or political subdivision may sell any of its bonds, authorized by the electors and unsold, at a price which will net the purchaser not more than 8 percent a year, payable semiannually, on the par value of the bonds.
Citator
Cal. Gov't Code § 53400 — Unsold Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
A county, city, district, or political subdivision may sell any of its bonds, authorized by the electors and unsold, at a price which will net the purchaser not more than 8 percent a year, payable semiannually, on the par value of the bonds.