Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA GOVERNMENT CODETitle 5 - LOCAL AGENCIESDivision 2 - CITIES, COUNTIES, AND OTHER AGENCIESPart 1 - POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIESChapter 2.5 - THE MELLO-ROOS COMMUNITY FACILITIES ACT OF
Article 5 - BONDS
Section 53360.7 - Variable interest rate

Cal. Gov. Code § 53360.7

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Current through the 2024 Legislative Session.
Section 53360.7 - Variable interest rate

The legislative body may provide that bonds shall bear a variable interest rate, and for the manner and intervals in which the rate shall vary. The variable rate shall not exceed the maximum rate permitted by Section 53531 or any other applicable provision of law limiting the maximum interest rate on bonds.

Ca. Gov. Code § 53360.7

Added by Stats. 1984, Ch. 1406, Sec. 4. Effective September 26, 1984.