The district may provide for the bonds to bear a variable interest rate, for the manner and intervals in which the rate shall vary, and for the dates on which the interest shall be payable. In connection with the issuance of bonds, the district may enter into any agreement for liquidity or credit enhancement that may be necessary or desirable, as determined by the district.
Cal. Pub. Util. Code § 103359
Retail Transaction and Use Tax
Known as the San Mateo County Transit District Act
The act spans §§ 103000–103700 (192 sections).
Added by Stats. 1987, Ch. 1328, Sec. 5
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.