§ 54401 Bond Series Maturity Dates

• •If the government splits bonds into groups, each group can have its own due date.
• •The latest due date for each group is counted from the date written on each bond.
• •The government must write these due dates in their official decision.

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

The city can split the bonds into two groups. One group might be due in 5 years, and another in 10 years. Each group's due date starts from when the bond was issued.