Government Code section 43737

The proceeds from the sale of the bonds shall be applied by the treasurer to the satisfaction of the judgment or the refunding of the indebtedness for which the bonds were issued, or the bonds may be exchanged at their par value for the evidences of indebtedness to be refunded, at their par value.

Source: Section 43737, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=43737.­ (updated Jan. 1, 1949; accessed Oct. 13, 2025).

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Verified:
Oct. 13, 2025

§ 43737's source at ca​.gov