§ 26336 Bond Issuance Terms Authority

Government Code·California

AI SummaryVerified

Key Takeaways

•The board can sell bonds in groups or split them into parts.
•Each group can have different rules, like when they are paid back or how much interest they earn.
•Not all bonds have to be the same; they can have different terms and conditions.
•The board decides the rules for each group of bonds before selling them.

Example

Imagine a school wants to borrow money to build a new playground. They can sell bonds to people to get the money.

The school can sell some bonds that pay back in 5 years and others in 10 years. Some bonds might give more interest than others. The school board decides all these rules before selling the bonds.

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

Official Source

View on CA.gov

§ 26336 Bond Issuance Terms Authority

The board may issue bonds in series or may divide any issue into one or more divisions and fix different maturities or dates of such bonds, different rates of interest, or prescribe different terms and conditions for the bonds of the several series or divisions. It is not necessary that all bonds of the same authorized issue be of the same kind or character, have the same security, or be of the same interest rate, but the terms thereof shall in each case be provided for by the board, at or prior to the issue thereof. The board may provide for successive issues or may provide for one maximum issue. (Added by Stats. 1947, Ch. 815.)

Last verified: January 22, 2026

Key Terms

release the board security

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 26336.

§ 26336 Bond Issuance Terms Authority

Government Code·California

AI SummaryVerified

§ 26336 Bond Issuance Terms Authority

Key Takeaways

•The board can sell bonds in groups or split them into parts.
•Each group can have different rules, like when they are paid back or how much interest they earn.
•Not all bonds have to be the same; they can have different terms and conditions.
•The board decides the rules for each group of bonds before selling them.

Example

Imagine a school wants to borrow money to build a new playground. They can sell bonds to people to get the money.

The school can sell some bonds that pay back in 5 years and others in 10 years. Some bonds might give more interest than others. The school board decides all these rules before selling the bonds.

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

Official Source

View on CA.gov

§ 26336 Bond Issuance Terms Authority

Last verified: January 22, 2026

Key Terms

release the board security

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 26336.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References