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HomeEducation CodeDiv. 14Pt. 68.2Ch. 2Art. 2§ 100834 Bond Payment Revenue Collection

§ 100834 Bond Payment Revenue Collection

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

§ 100834 Bond Payment Revenue Collection

This law says the state has to collect extra money every year, just like other taxes, to pay back the bonds it issued and the interest on them, and the officials in charge must make sure that money is collected.

Key Takeaways

  • •The state must collect an extra sum every year for bond payments.
  • •The extra sum is collected the same way and at the same time as other state taxes.
  • •All officials who collect state revenue must do whatever is needed to get this extra money.

Example

The state sold bonds to build a new school and needs to pay the bond owners each year.

Each year the state must gather enough money, using the same tax‑collection process as other state revenue, to cover the bond principal and interest, and the tax officials have to do everything needed to get that money.

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

Official Source
View on CA.gov

§ 100834 Bond Payment 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. 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 that is necessary to collect that additional sum. (Added by Stats. 2002, Ch. 33, Sec. 31. Approved in Proposition 55 at the March 2, 2004, election.)

Last verified: January 10, 2026

Key Terms

principalinterestbondsordinary revenuesadditional sum

Related Statutes

  • § 100434 Bond Payment Revenue Collection
  • § 100634 Bond Principal And Interest Collection
  • § 101024 Bond Principal And Interest Collection
  • § 101134 Bond Repayment Revenue Collection
  • § 100435 Bond Payment Appropriation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100834.
View Official Source