California § 25208 - The bonds shall bear interest at a rate not to exceed 8 percent per year to be fi
Full text of California Public Contract Code - PCC § 25208 — The bonds shall bear interest at a rate not to exceed 8 percent per year to be fi, with citation guidance and answers to common questions.
§ 25208. The bonds shall bear interest at a rate not to exceed 8 percent per year to be fi
The bonds shall bear interest at a rate not to exceed 8 percent per year to be fixed by the board, except that, if, before the issuance of the bonds, the board determines, to the best of its knowledge and belief, that the interest on the bonds will be subject to federal income taxation under then existing law, the bonds may bear interest at a rate or rates not exceeding 10 percent per year to be fixed by the board. This section shall become operative on January 1, 1984.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 25208
What does Public Contract Code - PCC § 25208 cover?
Section 25208 ("The bonds shall bear interest at a rate not to exceed 8 percent per year to be fi") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 25208?
A common citation format is "Public Contract Code - PCC § 25208" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 25208 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.