Health and Safety Code section 4618

The maximum rate of interest to be paid on the bonded indebtedness shall be 8 percent per annum, and shall be payable semiannually. The first interest payable on the bonds or any series of the bonds may, however, be for any period not exceeding one year, as determined by the governing body.

Source: Section 4618, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=4618. (accessed May 12, 2025).

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Last Updated

May 12, 2025

§ 4618’s source at ca.gov

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Location: https://california.public.law/codes/health_and_safety_code_section_4618

Original Source: Section 4618, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=4618. (last accessed May 12, 2025).