Section 53533 Of Article 7. Interest Rates On Bonds From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 3. >> Article 7.
53533
. Notwithstanding Section 53531 or any other provision of law
establishing limitations on the rate of interest of any indebtedness
or obligation of a city, county, or city and county the rate of
interest on any indebtedness or obligation thereof which is payable
to the federal government or any agency or instrumentality thereof or
any indebtedness or obligation guaranteed by the federal government
or any instrumentality thereof may be at a rate higher than the
limitations established in any other law if such rate is the rate
established by the federal government or any instrumentality thereof.
Any such indebtedness or obligation shall be in such form and
denomination, have such maturity, and be subject to such conditions
as may be prescribed by the federal government or agency or
instrumentality thereof.