§ 3913 Bond Payment Requirements

Harbors and Navigation Code·California

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This law says that the money borrowed by the state through bonds, including the extra money paid back (interest), must be paid in U.S. dollars at the State Treasurer's office or another approved place.

Key Takeaways

•The state must pay back its borrowed money (bonds) in U.S. dollars.
•Payments must be made at the State Treasurer's office or another approved location.
•This includes both the original borrowed amount and the extra money (interest).

Example

The state borrows money to build a new school.

When the state pays back the money it borrowed, plus the extra fee (interest), it has to use U.S. dollars and pay at the State Treasurer's office or another official place.

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

Official Source

View on CA.gov

§ 3913 Bond Payment Requirements

Both principal of and interest on the bonds shall be payable in lawful money of the United States, at the Office of the State Treasurer, or at the office of any duly authorized fiscal agent of the State. (Added by Stats. 1958, 1st Ex. Sess., Ch. 103.)

Last verified: January 11, 2026

Key Terms

principal interest lawful money of the United States Office of the State Treasurer fiscal agent

References

Official text at leginfo.legislature.ca.gov
California Legislature. Harbors and Navigation Code. Section 3913.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References