{"code":"SHC","codeName":"Streets and Highways Code","section":"35419","citation":"Sts. & Hy. Code, § 35419","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 4. PARKING DISTRICT LAW OF 1951 [35100. - 35708.]","url":"https://blackletter.si/streets-and-highways-code/division-18/part-4"},{"name":"CHAPTER 3. Bonds, Acquisitions and Improvements [35402. - 35432.]","url":"https://blackletter.si/streets-and-highways-code/division-18/part-4/chapter-3"}],"history":"Amended by Stats. 1975, Ch. 130.","effective":null,"html":"<p>The legislative body may sell the 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>","text":"The legislative body may sell the 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.","otherVersions":[],"url":"https://blackletter.si/streets-and-highways-code/bonds-acquisitions-and-improvements-35419","source":"California Legislative Information bulk export (pubinfo)"}