Government Code section 29916

Interest on the bonds shall not exceed 8 percent per annum, payable semiannually, except that interest for the first year after the date of the bonds may be made payable at the end of said year.

Source: Section 29916, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=29916. (updated Jan. 1, 1975; accessed Jul. 6, 2026).

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Verified:
Jul. 6, 2026

§ 29916's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_29916

Original Source: Section 29916, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=29916. (last accessed May 12, 2025).