Government Code section 43633

If the earliest maturity of the 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.

Source: Section 43633, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=43633. (accessed May 13, 2025).

Last Updated

May 12, 2025

§ 43633’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_43633

Original Source: Section 43633, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=43633. (last accessed May 12, 2025).