California Statutes
§ 8660.5. — 8660.5. (Added by Stats. 1985, Ch. 1332, Sec. 7.)
California·Code SHC Streets and Highways Code - SHC·Div. 10. DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915·Part 6.5. PART 6.5. VARIABLE INTEREST RATE BONDS
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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California § 8660.5. (8660.5. (Added by Stats. 1985, Ch. 1332, Sec. 7.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1985, Ch. 1332, Sec. 7. Effective October 1, 1985.