The authority may provide that interest on bonds issued for the acquisition, construction, or completion of any project may be paid out of the proceeds of the sale of the bonds during the actual construction of the project and for a period of not to exceed two years after completion of actual construction, or for any other reasonably limited period.
Cal. Sts. & High. Code § 33140
Revenue Bonds
Known as the Parking Law
The act spans §§ 32500–33552 (111 sections).
Amended by Stats. 1951, Ch. 1388.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.