Ed. Code, § 90040 · Article 2. The State University Revenue Bond Act of 1947

Ed. Code, § 90040

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

Bonds shall bear interest at a fixed or variable rate of not to exceed 12 percent per annum, payable in the time, form, and manner set forth in the indenture for the bonds.

Notes and commentary — not statutory text

History

Amended by Stats. 2007, Ch. 352, Sec. 7. Effective January 1, 2008.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC&sectionNum=90040.
Text hash: sha256 557184dae9a070d0205fe3f97d162748be191dfcde4f575d094cbfaa0d071e7c
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Ed. Code, § 90040. Each shows the citation as that text prints it.

Education Code

Ed. Code, § 90041Printed as Sections 90013, 90040, and 90048

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.