{"code":"GOV","codeName":"Government Code","section":"53360.7","citation":"Gov. Code, § 53360.7","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","url":"https://blackletter.si/government-code/title-5/division-2"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1"},{"name":"CHAPTER 2.5. The Mello-Roos Community Facilities Act of 1982 [53311. - 53368.3.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-2.5"},{"name":"ARTICLE 5. Bonds [53345. - 53365.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-2.5/article-5"}],"history":"Added by Stats. 1984, Ch. 1406, Sec. 4.   Effective September 26, 1984.","effective":"1984-09-26","html":"<p>The legislative body may provide that bonds shall bear a variable interest rate, and for the manner and intervals in which the rate shall vary. The variable rate shall not exceed the maximum rate permitted by Section <a href=\"/gov/53531\">53531</a> or any other applicable provision of law limiting the maximum interest rate on bonds.</p>","text":"The legislative body may provide that bonds shall bear a variable interest rate, and for the manner and intervals in which the rate shall vary. The variable rate shall not exceed the maximum rate permitted by Section 53531 or any other applicable provision of law limiting the maximum interest rate on bonds.","otherVersions":[],"url":"https://blackletter.si/government-code/bonds-53360-7","source":"California Legislative Information bulk export (pubinfo)"}