California Public Utilities Code

§ 103359

PUC § 103359 Effective Sep 29, 1987Div. 10 · Part 15 · Ch. 5 · Art. 10

Statute text

The district may provide for the bonds to bear a variable interest rate, for the manner and intervals in which the rate shall vary, and for the dates on which the interest shall be payable. In connection with the issuance of bonds, the district may enter into any agreement for liquidity or credit enhancement that may be necessary or desirable, as determined by the district.

Legislative history

Added by Stats. 1987, Ch. 1328, Sec. 5. Effective September 29, 1987.