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California Code, Government Code - GOV § 37657

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - California Code, Government Code - GOV § 37657 - last updated January 01, 2025 | https://codes.findlaw.com/ca/government-code/gov-sect-37657/

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