§ 50738 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 board can set rules on how interest is paid before the bonds are issued.

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

The city can decide to pay you 5% interest every year, but they can't pay more than 8%. They might pay you twice a year or once a year.