Cal. SHC § 8660.5
This is the official text of Cal. SHC § 8660.5, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
The legislative body may determine to issue serial or term bonds, or both, bearing a variable interest rate that represent and are secured by assessments which are made to pay the cost of any authorized work or improvement. The bonds shall be sold at not less than 95 percent of the principal amount in the manner determined by the legislative body.
Status: in_force · Read it on the official government site
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