Government Code section 43731

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.

Source: Section 43731, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=43731. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 43731’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_43731

Original Source: Section 43731, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=43731. (last accessed Apr. 24, 2025).