Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 8660.5 — VARIABLE INTEREST RATE BONDS
Cal. Sts. & High. Code § 8660.5
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Date
- 1985-10-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The legislative body may determine to issue serial or term bonds, or both, bearing a variable interest rate that represent and are secured by assessments which are made to pay the cost of any authorized work or improvement. The bonds shall be sold at not less than 95 percent of the principal…
Citator
Cal. Sts. & High. Code § 8660.5 — VARIABLE INTEREST RATE BONDS is in force in the current edition of the Code, and nothing recorded condemns it.
The legislative body may determine to issue serial or term bonds, or both, bearing a variable interest rate that represent and are secured by assessments which are made to pay the cost of any authorized work or improvement. The bonds shall be sold at not less than 95 percent of the principal amount in the manner determined by the legislative body.