Section 90041 Of Article 2. The State University Revenue Bond Act Of 1947 From California Education Code >> Division 8. >> Title 3. >> Part 55. >> Chapter 8. >> Article 2.
90041
. Notwithstanding the provisions of Sections 90013, 90040, and
90048, the rate of interest which bonds or notes may bear and the
yield resulting to the purchaser thereof may exceed the maximum rates
specified in said sections to the extent of any debt service grant
applicable to such interest which the United States of America has
agreed, pursuant to any federal statute, to pay with respect to the
bonds or notes.