{"code":"SHC","codeName":"Streets and Highways Code","section":"25402","citation":"Sts. & Hy. Code, § 25402","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 16. HIGHWAY DISTRICTS [25000. - 27567.]","url":"https://blackletter.si/streets-and-highways-code/division-16"},{"name":"PART 1. JOINT HIGHWAY DISTRICTS [25000. - 25521.]","url":"https://blackletter.si/streets-and-highways-code/division-16/part-1"},{"name":"CHAPTER 17. Revenue Bonds [25400. - 25410.]","url":"https://blackletter.si/streets-and-highways-code/division-16/part-1/chapter-17"}],"history":"Amended by Stats. 1975, Ch. 130.","effective":null,"html":"<p>The board of directors shall prescribe the denominations of the revenue bonds which shall mature serially in convenient amounts not necessarily equal. Revenue bonds shall bear such rate of interest not to exceed 8 percent per annum as may be determined by the board of directors.</p>","text":"The board of directors shall prescribe the denominations of the revenue bonds which shall mature serially in convenient amounts not necessarily equal. Revenue bonds shall bear such rate of interest not to exceed 8 percent per annum as may be determined by the board of directors.","otherVersions":[],"url":"https://blackletter.si/streets-and-highways-code/revenue-bonds-25402","source":"California Legislative Information bulk export (pubinfo)"}