Government Code section 53360.7

The legislative body may provide that bonds shall bear a variable interest rate, and for the manner and intervals in which the rate shall vary. The variable rate shall not exceed the maximum rate permitted by Section 53531 or any other applicable provision of law limiting the maximum interest rate on bonds.

Source: Section 53360.7, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53360.7. (updated Sep. 26, 1984; accessed Jul. 14, 2025).

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Jul. 14, 2025

§ 53360.7's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_53360.7

Original Source: Section 53360.7, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53360.7. (last accessed May 12, 2025).