Statute · California Government Code
Cal. Gov't Code § 53531 — Interest Rates on Bonds
Cal. Gov't Code § 53531
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Any provision of law specifying the maximum interest rate on bonds to the contrary notwithstanding, bonds may bear interest at a coupon rate or rates as determined by the legislative body in its discretion but not to exceed 12 percent per year payable as permitted by law, unless some higher rate…
Citator
Cal. Gov't Code § 53531 — Interest Rates on Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
Any provision of law specifying the maximum interest rate on bonds to the contrary notwithstanding, bonds may bear interest at a coupon rate or rates as determined by the legislative body in its discretion but not to exceed 12 percent per year payable as permitted by law, unless some higher rate is permitted by law.