Cal. Government Code § 43731

California · California Government Code · Status: effective

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Citation: Cal. Government Code § 43731, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/846409
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If the earliest maturity of the refunding bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.