Cal. Gov. Code § 26445

Current through the 2023 Legislative Session.

Section 26445 - Interest paid out of proceeds of sale during construction

Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction or completion of which the bonds have been issued, and for a period of not to exceed two (2) years thereafter as provided for in the indenture.

Ca. Gov. Code § 26445

Added by Stats. 1947, Ch. 822.