California Streets and Highways Code

§ 33140

SHC § 33140Div. 18 · Part 2 · Ch. 5

Statute text

The authority may provide that interest on bonds issued for the acquisition, construction, or completion of any project may be paid out of the proceeds of the sale of the bonds during the actual construction of the project and for a period of not to exceed two years after completion of actual construction, or for any other reasonably limited period.

Legislative history

Amended by Stats. 1951, Ch. 1388.