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2019 California Code
Education Code - EDC
TITLE 1 - GENERAL EDUCATION CODE PROVISIONS
DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS
PART 11 - LIBRARIES
CHAPTER 9 - Library Districts and Museums in Unincorporated Towns and Villages
ARTICLE 5 - Bonds
Section 19729.
Universal Citation:
CA Educ Code § 19729 (2019)
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19729.
The bonds shall not bear a greater amount of interest than 6 percent, to be payable annually or semiannually. The bonds shall be sold in the manner prescribed by the board of supervisors, but for not less than par, and the proceeds of the sale thereof shall be deposited in the county treasury to the credit of the building fund of the library district, and shall be drawn out for the purposes for which the bonds were issued as other library moneys are drawn out.
(Enacted by Stats. 1976, Ch. 1010.)
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