Streets and Highways Code section 35406

The bonds shall be issued in such denomination or denominations as the legislative body may prescribe and payable on the day fixed in the bonds, with interest at the rate specified in the bonds. The interest rate shall not be in excess of the maximum stated in the resolution of intention and shall be paid semiannually, except the first interest coupon may be for a different period.

Source: Section 35406, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=SHC§ionNum=35406.­ (updated Jan. 1, 1963; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 35406's source at ca​.gov