§ 26338 Bond Interest Rate Limits

• •Bonds can earn up to 8% interest per year.
• •Interest can be paid once a year, twice a year, or a mix of both.
• •The people in charge can set rules on how interest is paid before the bonds are given out.

If you buy a bond from the city, you might get interest payments.

The city can decide to pay you 5% interest every year for your bond. They might pay you this money once a year or split it into two payments.