Education Code section 90040

Bonds shall bear interest at a fixed or variable rate of not to exceed 12 percent per annum, payable in the time, form, and manner set forth in the indenture for the bonds.

Source: Section 90040, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=90040. (accessed May 19, 2025).

Last Updated

May 12, 2025

§ 90040’s source at ca.gov

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Location: https://california.public.law/codes/education_code_section_90040

Original Source: Section 90040, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=90040. (last accessed May 12, 2025).