California · Streets and Highways Code - SHC
SHC §1186: The interest on the bonds shall be payable annually.
What this law says, in plain English
Bond interest must be paid to bondholders once per year.
Read the full statutory text
The interest on the bonds shall be payable annually. Each bond and each coupon shall bear the signature or facsimile printed signature of the chair of the board and of the clerk of the board of supervisors. The county treasurer shall, after reasonable notice, sell the bonds to the highest and best bidder, but not for less than par plus any accrued interest.
Verify at the official source: California legislative text
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