California Public Utilities Code

§ 12860

PUC § 12860 Effective Jul 26, 1983Div. 6 · Ch. 6 · Art. 6b

Statute text

Bonds issued by a district, pursuant to Article 8 (commencing with Section 53540) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code, may bear interest at the rate or rates as may be fixed by the board of directors without regard to the limitations set forth in Section 53541 of the Government Code, and may be sold at a discount, as determined by the board of directors.

Legislative history

Amended by Stats. 1983, Ch. 394, Sec. 2. Effective July 26, 1983.