Sts. & Hy. Code, § 9407 · Chapter 11. Issuance of Refunding Bonds

Sts. & Hy. Code, § 9407

Verbatim from the official edition

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

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

Notes and commentary — not statutory text

History

Added by Stats. 1951, Ch. 463.

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=9407.
Text hash: sha256 9f1b3c2c0124d8461566956e5437aefb81477491b5435dae1de2c5b4ae660a48
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.