2009 California Public Utilities Code - Section 12860 :: Article 6b. Bonds

12860.  Bonds issued by a district, pursuant to Article 8
(commencing with Section 53540) of Chapter 3 of Part 1 of Division 2
of Title 5 of the Government Code, may bear interest at the rate or
rates as may be fixed by the board of directors without regard to the
limitations set forth in Section 53541 of the Government Code, and
may be sold at a discount, as determined by the board of directors.