Public Utilities Code section 99325

The bonds shall be sold as the transportation planning agency shall determine but for not less than a price which will produce a net interest cost that will not exceed an average of 7 percent a year as determined by standard tables of bond values.

Source: Section 99325, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=99325. (updated Jan. 1, 1971; accessed Oct. 5, 2026).

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Oct. 5, 2026

§ 99325's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_99325

Original Source: Section 99325, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=99325. (last accessed May 12, 2025).