The rate of interest to be borne by bonds issued under the authority of this chapter shall be fixed by the board of directors. The rate shall not exceed 8 percent per annum, payable annually or semiannually.
Cal. Health & Safety Code § 32305
Bonds
Known as the The Local Health Care District Law
The act spans §§ 32000–32499 (143 sections).
Amended by Stats. 1975, Ch. 130.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.