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HomeEducation CodeCh. 3Art. 16§ 18570 Bond Payment Procedures

§ 18570 Bond Payment Procedures

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

§ 18570 Bond Payment Procedures

Key Takeaways

  • •The county has to pay back the money it borrowed (bonds) plus extra (interest).
  • •The county treasurer is the person who makes the payment.
  • •The money comes from a special fund set aside for this purpose.

Example

Imagine your town borrowed money to build a new park.

The town has to pay back that money plus a little extra. The person in charge of the town's money (treasurer) will use a special pile of money (fund) to make the payment.

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

Official Source
View on CA.gov

§ 18570 Bond Payment Procedures

The principal and interest on the bonds shall be paid by the county treasurer, upon the warrant of the county auditor, out of the fund provided therefor. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

principal and interestbondscounty treasurercounty auditorfund provided therefor

Related Statutes

  • § 18571 County Auditor Bond Cancellation
  • § 19529 Library Bond Fund Use
  • § 19731 Library Bond Payment Funds
  • § 18450 County Auditor Warrant Issuance
  • § 18562 Library Bond Fund Use

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 18570.
View Official Source