The bonds may be sold at any rate of interest not exceeding that stated in the resolution of intention. The maximum interest rate shall not exceed 7 percent a year.
Cal. Sts. & High. Code § 35505
Bonds for Assessments
Known as the Parking District Law
The act spans §§ 35100–35708 (190 sections).
Repealed and added by Stats. 1969, Ch. 234.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.