Section 26443 Of Article 2. Revenue Bonds From California Government Code >> Division 2. >> Title 3. >> Part 2. >> Chapter 15. >> Article 2.
26443
. The board may fix terms and conditions for the sale or other
disposition of any authorized issue of bonds. The board may sell
bonds at less than their par or face value but no bond may be sold at
a price below the par or face value thereof which would result in a
sale price yielding to the purchaser an average of more than six (6)
percent per annum, payable semiannually, according to standard tables
of bond values.