California Government Code

§ 37657

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

GOV § 37657Div. 3 · Title 4 · Part 2 · Ch. 5 · Art. 8

Statute text

View on leginfo.ca.gov

In receiving a money donation, the city may agree to pay the donors interest not exceeding 7 percent a year upon the principal during the lifetime of the donors or the survivor. Such a payment shall not be made for more than 40 years. The principal of such a donation shall not be repaid.

Legislative history

Added by Stats. 1949, Ch. 79.