Government Code section 50745

Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction or completion of which the bonds have been issued, and for a period of not to exceed two (2) years thereafter as provided for in the indenture.

Source: Section 50745, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=50745. (updated Jan. 1, 1957; accessed Jun. 30, 2025).

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Jun. 30, 2025

§ 50745's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_50745

Original Source: Section 50745, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=50745. (last accessed May 12, 2025).