California Statutes
§ 8660.5. — 8660.5. (Added by Stats. 1985, Ch. 1332, Sec. 7.)
California § 8660.5.
JurisdictionCalifornia
Code SHCStreets and Highways Code - SHC
Div. 10.DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915
Part 6.5.PART 6.5. VARIABLE INTEREST RATE BONDS
This text of California § 8660.5. (8660.5. (Added by Stats. 1985, Ch. 1332, Sec. 7.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Streets and Highways Code - SHC Code § 8660.5. (2026).
Text
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.
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Legislative History
Added by Stats. 1985, Ch. 1332, Sec. 7. Effective October 1, 1985.
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