Sts. & Hy. Code, § 8664.3 · Part 6.5. VARIABLE INTEREST RATE BONDS

Sts. & Hy. Code, § 8664.3

Verbatim from the official edition

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

The legislative body may, by resolution, specify that the interest rate on the bonds may vary from time to time as determined by a bond index or some other means prescribed in the resolution.

Notes and commentary — not statutory text

History

Added by Stats. 1985, Ch. 1332, Sec. 7. Effective October 1, 1985.

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=SHC&sectionNum=8664.3.
Text hash: sha256 426f7f02d98475578b4136e9e8a2b61692ac0a4deeb1eb6a4d068f6282bd5f90
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

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.