Interest Rate: Payment Dates
San Diego Municipal Code § 61.1104
in effect§61.1104 Interest Rate: Payment Dates
The bonds shall bear interest at a rate or rates not to exceed the rate specified in the resolution of intention, payable semiannually, except that interest for the first year may be payable at the end of that year or at such time prior to the end of that year as may be determined in the resolution providing for the issuance of the bonds.
(“Interest Rate: Payment Dates” added 1–20–1970 by O–10214 N.S.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter06/Ch06Art01Division11.pdf#page=1Fetched: 10/28/2026