Government Code section 59648

Bond Plan A bonds shall have annual coupons attached to them payable in annual order on January 2d of each year after the October 15th following the date of the bonds, until all are paid. Each coupon shall be for an equal annual proportion of the principal of the bonds to which it is attached.

Source: Section 59648, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=59648.­ (updated Jan. 1, 1951; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 59648's source at ca​.gov