Health and Safety Code - HSC
DIVISION 5. SANITATION [4600 - 6127]
( Division 5 enacted by Stats. 1939, Ch. 60. ) PART 3. COMMUNITY FACILITIES [4600 - 6127]
( Heading of Part 3 amended by Stats. 1970, Ch. 420. ) CHAPTER 1. Community Facilities Law of 1911 [4600 - 4650]
( Heading of Chapter 1 amended by Stats. 1970, Ch. 420. ) ARTICLE 3. Issuance of Bonds [4615 - 4625]
( Article 3 enacted by Stats. 1939, Ch. 60. ) 4618.
The maximum rate of interest to be paid on the bonded indebtedness shall be 8 percent per annum, and shall be payable semiannually. The first interest payable on the bonds or any series of the bonds may, however, be for any period not exceeding one year, as determined by the governing body.
(Amended by Stats. 1975, Ch. 130.)