Section 9407.

  1. Law
  2. California Code
  3. Code - SHC
  4. 11 - REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915”
  5. 11 - Issuance of Refunding Bonds
  6. Section 9407.

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The rate of interest on refunding bonds shall not exceed the rate of interest on the outstanding bonds.

(Added by Stats. 1951, Ch. 463.)


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