{"code":"SHC","codeName":"Streets and Highways Code","section":"33138","citation":"Sts. & Hy. Code, § 33138","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 18. PARKING [31500. - 36745.]","url":"https://blackletter.si/streets-and-highways-code/division-18"},{"name":"PART 2. PARKING LAW OF 1949 [32500. - 33552.]","url":"https://blackletter.si/streets-and-highways-code/division-18/part-2"},{"name":"CHAPTER 5. Revenue Bonds [33100. - 33148.]","url":"https://blackletter.si/streets-and-highways-code/division-18/part-2/chapter-5"}],"history":"Amended by Stats. 1975, Ch. 130.","effective":null,"html":"<p>The authority may sell bonds at a price below the par or face value, provided that the discount on any bonds so sold shall not exceed 8 percent of the par value thereof.</p><p>The interest rate on the bonds shall not exceed 8 percent, payable semiannually. The sale shall be conducted in compliance with Chapter 10 (commencing with Section 5800) of Division 6 of Title 1 of the Government Code.</p>","text":"The authority may sell bonds at a price below the par or face value, provided that the discount on any bonds so sold shall not exceed 8 percent of the par value thereof. The interest rate on the bonds shall not exceed 8 percent, payable semiannually. The sale shall be conducted in compliance with Chapter 10 (commencing with Section 5800) of Division 6 of Title 1 of the Government Code.","otherVersions":[],"url":"https://blackletter.si/streets-and-highways-code/revenue-bonds-33138","source":"California Legislative Information bulk export (pubinfo)"}