ARTICLE 1. Unsold Bonds [53400. - 53401.]

Cal. Government Code - GOV 1.
in effect

Cal. Government Code - GOV § 53400. Section 53400.

A county, city, district, or political subdivision may sell any of its bonds, authorized by the electors and unsold, at a price which will net the purchaser not more than 8 percent a year, payable semiannually, on the par value of the bonds.

Cal. Government Code - GOV § 53401. Section 53401.

This article does not apply to bonds authorized under a law permitting their sale at a price netting the purchaser more than 6 percent.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements