Government Code section 43787

If the bonds are made to mature at one time, the annual tax levy shall be sufficient to pay the interest on the bonds as it comes due and create a sinking fund for the payment of the principal on or before maturity.

Source: Section 43787, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=43787. (updated Jan. 1, 1949; accessed Oct. 13, 2025).

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Oct. 13, 2025

§ 43787's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_43787

Original Source: Section 43787, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=43787. (last accessed May 12, 2025).