Cal. Gov. Code § 43788

Current through the 2023 Legislative Session.

Section 43788 - Sum raised and placed in sinking fund

The sum to be raised each year and placed in the sinking fund for the payment of the principal shall not be less than an amount obtained by dividing the total principal amount of the bonds issued by the total number of years they are to run.

Ca. Gov. Code § 43788

Added by Stats. 1949, Ch. 79.