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HomeWater CodeDiv. 6Pt. 3Ch. 8Art. 4§ 11732 Variable Bond Interest Rates

§ 11732 Variable Bond Interest Rates

Water Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 11732 Variable Bond Interest Rates

This law says that bonds from the same group don't have to have the same interest rate.

Key Takeaways

  • •Bonds from the same issue can have different interest rates.
  • •This gives flexibility to the people selling the bonds.
  • •It doesn't force all bonds to be the same.

Example

A city issues bonds to build a new park. Some bonds pay 3% interest, and others pay 5%.

This law allows the city to offer different interest rates on the bonds, even though they are all for the same project.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 11732 Variable Bond Interest Rates

It is not necessary that all bonds of the same authorized issue bear the same interest rate. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

bondsauthorized issueinterest rate

Related Statutes

  • § 11730 Bond Form And Conditions
  • § 11731 Bond Interest Rate Limits
  • § 11736.5 Bond Security Financial Arrangements
  • § 11737 Bond Signing Requirements
  • § 11740 Officer Signature Validity Bonds

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11732.
View Official Source