Code Section Group

Public Utilities Code - PUC

DIVISION 6. MUNICIPAL UTILITY DISTRICT ACT [11501 - 14403.5]

  ( Division 6 enacted by Stats. 1951, Ch. 764. )

CHAPTER 6. Powers and Functions of District [12701 - 13024]

  ( Chapter 6 enacted by Stats. 1951, Ch. 764. )

ARTICLE 6b. Bonds [12860- 12860.]
  ( Article 6b added by Stats. 1970, Ch. 245. )

12860.
  

Bonds issued by a district, pursuant to Article 8 (commencing with Section 53540) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code, may bear interest at the rate or rates as may be fixed by the board of directors without regard to the limitations set forth in Section 53541 of the Government Code, and may be sold at a discount, as determined by the board of directors.

(Amended by Stats. 1983, Ch. 394, Sec. 2. Effective July 26, 1983.)

PUCPublic Utilities Code - PUC6b.