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HomeEducation CodeDiv. 9Pt. 57Ch. 5Art. 4§ 92510 Revenue Bond Indenture Terms

§ 92510 Revenue Bond Indenture Terms

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

§ 92510 Revenue Bond Indenture Terms

Key Takeaways

  • •The regents can make deals about how school bonds work, like how much money they borrow, when they pay it back, and how much interest they pay.
  • •The bonds can have rules written on them, like a contract, and everyone who buys or holds the bonds has to follow those rules.
  • •Even if you buy the bond later, you still have to follow the same rules as the first person who bought it.

Example

A university wants to build a new library but doesn't have enough money.

The university can borrow money by selling bonds. They make a plan (like a contract) that says how much they’ll borrow, when they’ll pay it back, and how much extra (interest) they’ll pay. Anyone who buys these bonds has to follow the rules in that plan. If you buy the bond later from someone else, you still follow the same rules.

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

Official Source
View on CA.gov

§ 92510 Revenue Bond Indenture Terms

The regents may enter into indentures providing for the aggregate principal amount, date or dates, maturities, interest rates, denominations, form, registration, transfer, and interchange of any revenue bonds and coupons issued pursuant to this chapter, and the terms and conditions on which the bonds shall be executed, issued, secured, sold, paid, redeemed, funded, and refunded. Reference on the face of the bonds to such indenture by its date of adoption, or the apparent date on the face thereof, is sufficient to incorporate all of the provisions of the indenture and of this chapter into the body of the bonds and their appurtenant coupons. Each taker and subsequent holder of the bonds or coupons, whether the coupons are attached to, or detached from, the bonds, has recourse to all of the provisions of the indentures and of this chapter, and is bound thereby. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

registrationadoptionagreementtenantthe universityreference

Related Statutes

  • § 81907 Community College Revenue Bonds
  • § 90018 Revenue Bond Indenture Terms
  • § 92532 Construction Fund Investment Authority
  • § 60640 California Student Performance Assessment
  • § 92434 Regents Bond Rate Adjustments

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 92510.
View Official Source