Government Code section 53531

Any provision of law specifying the maximum interest rate on bonds to the contrary notwithstanding, bonds may bear interest at a coupon rate or rates as determined by the legislative body in its discretion but not to exceed 12 percent per year payable as permitted by law, unless some higher rate is permitted by law.

Source: Section 53531, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53531. (accessed May 26, 2025).

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Last Updated

May 12, 2025

§ 53531’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_53531

Original Source: Section 53531, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53531. (last accessed May 12, 2025).