Streets and Highways Code - SHC
DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” [9000 - 9481]
( Division 11 added by Stats. 1951, Ch. 463. ) CHAPTER 11. Issuance of Refunding Bonds [9400 - 9417]
( Chapter 11 added by Stats. 1951, Ch. 463. ) 9407.
The rate of interest on refunding bonds shall not exceed the rate of interest on the outstanding bonds.
(Added by Stats. 1951, Ch. 463.)