California Streets and Highways Code PART 6.5 - VARIABLE INTEREST RATE BONDS

• Section 8660.
  As an alternative to any other authority, a legislative body may, at its discretion, issue bonds bearing a variable interest rate pursuant to this division....
• Section 8660.5.
  The legislative body may determine to issue serial or term bonds, or both, bearing a variable interest rate that represent and are secured by assessments...
• Section 8661.
  If the legislative body determines to issue bonds as provided in this part to represent the expense of any proposed work or improvement, it shall,...
• Section 8662.
  The bonds shall be substantially in the form set forth in Section 8652, except as revised to conform to this part.(Added by Stats. 1985, Ch....
• Section 8663.
  The unpaid assessments shall be payable in substantially the manner set forth in subdivision (a) of Section 8680, or in substantially the same manner, but...
• Section 8663.5.
  Interest on all unpaid assessments shall run from the date of the bonds, and shall be computed for each interest pay period at the date...
• Section 8664.
  Each bond, or any portion of the bond in a fixed amount or any integral multiple of the fixed amount, shall be subject to redemption...
• Section 8664.3.
  The legislative body may, by resolution, specify that the interest rate on the bonds may vary from time to time as determined by a bond...
• Section 8664.5.
  The legislative body may, by resolution, specify terms and conditions under which the bonds may be converted to a fixed interest rate.(Added by Stats. 1985,...
• Section 8665.
  The legislative body may, by resolution, specify terms and conditions under which the city agrees to repurchase the bonds. The legislative body may secure a...
• Section 8665.5.
  The notice of assessment recorded with the county recorder pursuant to Section 3114 shall include the following statement:Notice is further given that unpaid assessments are...

Last modified: October 22, 2018