California Streets and Highways Code

§ 33138

SHC § 33138Div. 18 · Part 2 · Ch. 5

Statute text

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.

Legislative history

Amended by Stats. 1975, Ch. 130.