BlackletterCalifornia law

Government Code § 37657

ARTICLE 8. Hospitals Managed by City Legislative Body

Current as of September 28, 2026Gov. Code, § 37657Official source ↗

Added by Stats. 1949, Ch. 79.

In receiving a money donation, the city may agree to pay the donors interest not exceeding 7 percent a year upon the principal during the lifetime of the donors or the survivor. Such a payment shall not be made for more than 40 years. The principal of such a donation shall not be repaid.