Statute · California Elections Code
Cal. Elec. Code § 19262 — Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act)
Cal. Elec. Code § 19262
- Type
- Statute
- Source
- California Elections Code
- Jurisdiction
- California
- Date
- 2014-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The committee may authorize the Treasurer to sell all or any part of the bonds authorized by this article at the time or times established by the Treasurer.
Citator
Cal. Elec. Code § 19262 — Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act) is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The committee may authorize the Treasurer to sell all or any part of the bonds authorized by this article at the time or times established by the Treasurer.
(b) Whenever the committee deems it necessary for an effective sale of the bonds, the committee may authorize the Treasurer to sell any issue of bonds at less than their par value, notwithstanding Section 16754 of the Government Code. However, the discount on the bonds shall not exceed 3 percent of the par value thereof.