Cal. Code Regs. tit. 2 § 1101.12
Current through Register 2025 Notice Reg. No. 2, January 10, 2025
Bond premium, discount and expense may be credited or charged to operations in the year the bonds are sold, except that if a discount is substantial in relation to the bonds, it should be amortized over the life of the bonds.
Cal. Code Regs. Tit. 2, § 1101.12