Section 26345 Of Article 2. Revenue Bonds From California Government Code >> Division 2. >> Title 3. >> Part 2. >> Chapter 14. >> Article 2.

. Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction or completion of which the bonds have been issued, and for a period of not to exceed two (2) years thereafter as provided for in the indenture.