Public Utilities Code section 240312

The bonds shall bear interest at a rate or rates not exceeding the maximum allowable by law, payable at intervals determined by the commission, except that the first interest payable on the bonds, or any series thereof, may be for any period not exceeding one year, as determined by the commission.

Source: Section 240312, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=240312. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 240312’s source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_240312

Original Source: Section 240312, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=240312. (last accessed Apr. 24, 2025).