Statute · California Streets and Highways Code

Cal. Sts. & High. Code § 35419 — Bonds, Acquisitions and Improvements

Cal. Sts. & High. Code § 35419

Type
Statute
Source
California Streets and Highways Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

The legislative body may sell the 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 § 35419 — Bonds, Acquisitions and Improvements is in force in the current edition of the Code, and nothing recorded condemns it.

The legislative body may sell the 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.