§ 92513 Bond Payment Requirements

Education Code·California

AI SummaryVerified

Key Takeaways

•If a school borrows money by selling bonds, they must pay it back on time.
•They also have to pay the extra money (interest) they agreed to on the right dates.
•The rules for paying back are written in the bond papers.

Example

A university sells bonds to build a new library.

The university must pay back the money they borrowed, plus interest, exactly when and how they promised in the bond papers. If they don’t, they’re breaking the rules.

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

Official Source

View on CA.gov

§ 92513 Bond Payment Requirements

An indenture may include a clause relating to the bonds issued pursuant to the indenture requiring the regents to pay or cause to be paid punctually the principal of all such bonds and the interest on such bonds on the date or dates, or at the place or places, and in the manner mentioned in such bonds and in the coupons appertaining to the bonds in accordance with such indenture. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

indenture agreement university accordance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 92513.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References