{"code":"SHC","codeName":"Streets and Highways Code","section":"9407","citation":"Sts. & Hy. Code, § 9407","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” [9000. - 9481.]","url":"https://blackletter.si/streets-and-highways-code/division-11"},{"name":"CHAPTER 11. Issuance of Refunding Bonds [9400. - 9417.]","url":"https://blackletter.si/streets-and-highways-code/division-11/chapter-11"}],"history":"Added by Stats. 1951, Ch. 463.","effective":null,"html":"<p>The rate of interest on refunding bonds shall not exceed the rate of interest on the outstanding bonds.</p>","text":"The rate of interest on refunding bonds shall not exceed the rate of interest on the outstanding bonds.","otherVersions":[],"url":"https://blackletter.si/streets-and-highways-code/issuance-of-refunding-bonds-9407","source":"California Legislative Information bulk export (pubinfo)"}