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Cal. Government Code § 37657

Cal. Government Code § 37657

California · California Government Code · Status: effective

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Cal. Government Code § 37657, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/845895
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In receiving a money donation, the city may agree to pay the donors interest not exceeding 7 percent a year upon the principal during the lifetime of the donors or the survivor. Such a payment shall not be made for more than 40 years. The principal of such a donation shall not be repaid.