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HomeEducation CodeCh. 1Art. 4§ 100145 Bond Repayment Revenue Collection

§ 100145 Bond Repayment Revenue Collection

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 100145 Bond Repayment Revenue Collection

This law says the state must collect extra money every year to pay back special loans (bonds) it took out, just like it collects other taxes.

Key Takeaways

  • •The state has to collect extra money every year to pay back its loans.
  • •This money is collected the same way as other taxes.
  • •State workers must do their jobs to make sure this money is collected.

Example

Imagine the state borrowed money to build new schools.

This law makes sure the state collects enough extra money each year to pay back that loan, just like you’d save part of your allowance to pay back a friend.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 100145 Bond Repayment Revenue Collection

There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the state, a sum in an amount required to pay the principal of, and interest on, the bonds each year, and it is the duty of all officers charged by law with any duty in regard to the collection of the revenue to do and perform each and every act which is necessary to collect that additional sum. (Added by Stats. 1996, Ch. 1, Sec. 1. Approved in Proposition 203 at the March 26, 1996, election.)

Last verified: January 10, 2026

Key Terms

principalinterestbondsadditional sumrevenue collection

Related Statutes

  • § 101053 Bond Principal And Interest Collection
  • § 100150 Bond Payment Appropriation
  • § 100434 Bond Payment Revenue Collection
  • § 100525 Bond Principal And Interest Collection
  • § 100634 Bond Principal And Interest Collection

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100145.
View Official Source