Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 33138 — Revenue Bonds
Cal. Sts. & High. Code § 33138
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The authority may sell bonds at a price below the par or face value, provided that the discount on any bonds so sold shall not exceed 8 percent of the par value thereof.
Citator
Cal. Sts. & High. Code § 33138 — Revenue Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
The authority may sell bonds at a price below the par or face value, provided that the discount on any bonds so sold shall not exceed 8 percent of the par value thereof.
The interest rate on the bonds shall not exceed 8 percent, payable semiannually. The sale shall be conducted in compliance with Chapter 10 (commencing with Section 5800) of Division 6 of Title 1 of the Government Code.