Streets and Highways Code § 8664.3

PART 6.5. VARIABLE INTEREST RATE BONDS

Current as of September 28, 2026Sts. & Hy. Code, § 8664.3Official source ↗

Added by Stats. 1985, Ch. 1332, Sec. 7. Effective October 1, 1985.

The legislative body may, by resolution, specify that the interest rate on the bonds may vary from time to time as determined by a bond index or some other means prescribed in the resolution.