The bonds shall not bear a rate of interest greater than 8 percent per annum, payable annually or semiannually.
Cal. Educ. Code § 15143
Issuance and Sale of Bonds
Repealed and added by Stats. 1996, Ch. 277, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.