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.
(Amended by Stats. 2007, Ch. 352, Sec. 7. Effective January 1, 2008.)
Section 90040
Educ. Code § 90040, under The State University Revenue Bond Act of 1947.
Educ. Code § 90040