{"data":{"id":"us-ca/gov-53400","jurisdiction":"us-ca","citation":"GOV § 53400","heading":"","body":"A county, city, district, or political subdivision may sell any of its bonds, authorized by the electors and unsold, at a price which will net the purchaser not more than 8 percent a year, payable semiannually, on the par value of the bonds.","path":["Government Code - GOV","TITLE 5. LOCAL AGENCIES [50001. - 57607.]","DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","CHAPTER 3. Bonds [53400. - 53595.55.]","ARTICLE 1. Unsold Bonds [53400. - 53401.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"04bd6dbb0d1ee46060e3436d794f660097aad5e353885a9a15231ac1284048ee","source_id":"us-ca","stale":false,"prev":"us-ca/gov-53398.88","next":"us-ca/gov-53401"},"notice":"GroundRules: Original legal text. Not legal advice."}