Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 25402 — Revenue Bonds
Cal. Sts. & High. Code § 25402
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The board of directors shall prescribe the denominations of the revenue bonds which shall mature serially in convenient amounts not necessarily equal. Revenue bonds shall bear such rate of interest not to exceed 8 percent per annum as may be determined by the board of directors.
Citator
Cal. Sts. & High. Code § 25402 — Revenue Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
The board of directors shall prescribe the denominations of the revenue bonds which shall mature serially in convenient amounts not necessarily equal. Revenue bonds shall bear such rate of interest not to exceed 8 percent per annum as may be determined by the board of directors.