§ 43725 Bond Maturity Date Limits

• •The government can decide when the money borrowed through bonds must start being paid back.
• •The earliest time they can ask for the money back is within three years after the bonds are issued.
• •This rule was added a long time ago, in 1949.

Imagine the city needs money to build a new park, so they sell bonds to people to borrow money.

The city can say, 'We will start paying you back in three years at the earliest.' They can't ask to start paying back sooner than that.