ARTICLE 7. Interest Rates on Bonds

Article 7 added by Stats. 1969, Ch. 600.

§§ 53530–53534 · 6 sections

• § 53530 As used in this article: (a) “Local agency” means county, city, city and county, public district, public entity or authority, or other public or municipal…
• § 53531 Any provision of law specifying the maximum interest rate on bonds to the contrary notwithstanding, bonds may bear interest at a coupon rate or rates as…
• § 53531.1 (a) The Legislature hereby finds and declares that, in enacting and amending Sections 53530 and 53531, the intent has been, and continues to be, to provide…
• § 53532 The provisions of Section 53531 shall apply only to coupon rates and shall not affect the power of a local agency to sell bonds at a discount below par if…
• § 53533 Notwithstanding Section 53531 or any other provision of law establishing limitations on the rate of interest of any indebtedness or obligation of a city,…
• § 53534 Any provision of law to the contrary notwithstanding, a city, county, or city and county may enter into contracts commonly known as “interest rate swap…