Statute · California Government Code
Cal. Gov't Code § 43731 — Refunding Indebtedness
Cal. Gov't Code § 43731
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If the earliest maturity of the refunding bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.
Citator
Cal. Gov't Code § 43731 — Refunding Indebtedness is in force in the current edition of the Code, and nothing recorded condemns it.
If the earliest maturity of the refunding bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.