{"code":"PUC","codeName":"Public Utilities Code","section":"99325","citation":"Pub. Util. Code, § 99325","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","url":"https://blackletter.si/public-utilities-code/division-10"},{"name":"PART 11. PROVISIONS APPLICABLE TO ALL PUBLIC TRANSIT [99150. - 99582.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11"},{"name":"CHAPTER 4. Transportation Development [99200. - 99420.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11/chapter-4"},{"name":"ARTICLE 7. Limited Obligation Bonds [99320. - 99383.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11/chapter-4/article-7"}],"history":"Added by Stats. 1971, Ch. 1400.","effective":null,"html":"<p>The bonds shall be sold as the transportation planning agency shall determine but for not less than a price which will produce a net interest cost that will not exceed an average of 7 percent a year as determined by standard tables of bond values.</p>","text":"The bonds shall be sold as the transportation planning agency shall determine but for not less than a price which will produce a net interest cost that will not exceed an average of 7 percent a year as determined by standard tables of bond values.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/limited-obligation-bonds-99325","source":"California Legislative Information bulk export (pubinfo)"}