California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 3. GOVERNMENT OF COUNTIES |
Division 2. OFFICERS |
Part 2. BOARD OF SUPERVISORS |
Chapter 14. Revenue Bonds for County Improvements |
ARTICLE 2. Revenue Bonds |
Section 26345.
Latest version.
-
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.
(Added by Stats. 1947, Ch. 815.)