Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA GOVERNMENT CODETitle 4 - GOVERNMENT OF CITIESDivision 4 - FINANCIAL PROVISIONSChapter 4 - BONDS
Article 5 - PREPAYMENT
Section 43821 - Ordinance or resolution may prescribe bonds to be paid and manner of payment; amount to be paid in lieu of interest

Cal. Gov. Code § 43821

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Current through the 2023 Legislative Session.
Section 43821 - Ordinance or resolution may prescribe bonds to be paid and manner of payment; amount to be paid in lieu of interest

In the ordinance or resolution, the legislative body shall prescribe the method for determining the particular bonds to be paid, and the manner in which they are payable. It shall also fix the amount to be paid by the city in lieu of interest on the bonds accrued but not due at the time of the payment. This amount shall not exceed the amount of accrued interest.

Ca. Gov. Code § 43821

Added by Stats. 1949, Ch. 79.