§ 25402

California Streets and Highways Code · 2026-10 edition · updated 2026-10-04 · California

The board of directors shall prescribe the denominations of the revenue bonds which shall mature serially in convenient amounts not necessarily equal. Revenue bonds shall bear such rate of interest not to exceed 8 percent per annum as may be determined by the board of directors.

(Amended by Stats. 1975, Ch. 130.)

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California Streets and Highways Code

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