The bonds shall bear interest at a rate or rates not exceeding the maximum allowable by law, payable semiannually, except that the first interest payable on the bonds, or any series thereof, may be for any period not exceeding one year, as determined by the authority.
Cal. Pub. Util. Code § 142267
Transactions and Use Taxes
Known as the Fresno County Transportation Improvement Act
The act spans §§ 142000–142277 (59 sections).
Added by Stats. 1986, Ch. 301, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.