Health and Safety Code section 4995

Bonds may be made payable on a date subsequent to the time fixed for the collection of the second installment of general district taxes with which the first levy of taxes for the payment of the principal and interest of said bonds is to be collected. In such event, the first interest coupons shall be for interest from the date of said bonds of such issue or series or division to the maturity date of said coupons.

Source: Section 4995, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=HSC§ionNum=4995.­ (updated Jan. 1, 1951; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 4995's source at ca​.gov