California · Military and Veterans Code - MVC
MVC §482.2: A resolution of issuance may provide for the payment of interest on revenue bonds annually or semiannually or in part annually and in part semiannually, upon such dates and at such rates as may be pro
What this law says, in plain English
A resolution authorizing revenue bonds may specify when and how often interest payments occur, and at what rates.
Read the full statutory text
A resolution of issuance may provide for the payment of interest on revenue bonds annually or semiannually or in part annually and in part semiannually, upon such dates and at such rates as may be provided for by the California National Guard Finance Committee. The first interest payment may be at any time on or before one year from the date of the revenue bonds.
Verify at the official source: California legislative text
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