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Business Taxes Law Guide – Revision 2019
 

Motor Vehicle Fuel Tax Law

CHAPTER 12. METROPOLITAN TRANSPORTATION COMMISSION.1

Section 8517


8517. Rate of bond interest. The bonds shall bear interest at a rate or rates not exceeding the maximum allowable by law, payable at intervals determined by the commission, except that the first interest payable on the bonds, or any series thereof, may be for any period not exceeding one year, as determined by the commission.


1Added by Stats. 1997, Ch. 878 (AB 595), in effect January 1, 1998.