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HomePublic Utilities CodeDiv. 12.5Ch. 3§ 131114 Bond Payment Location

§ 131114 Bond Payment Location

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 131114 Bond Payment Location

Key Takeaways

  • •Bonds must be paid back with real U.S. money.
  • •Payments can be made at the agency's treasurer office or other places they choose.
  • •The people who own the bonds can pick where to pay—either at the office or other spots.

Example

Imagine you borrowed money from a friend and promised to pay them back.

This law says you have to pay them back in real dollars, not toys or favors. You can pay them at their house or another place you both agree on, like a bank.

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

Official Source
View on CA.gov

§ 131114 Bond Payment Location

The principal of, and interest on, the bonds shall be payable in lawful money of the United States at the office of the treasurer of the agency imposing the retail transactions and use tax, or at other places as may be designated, or at both the office and other places at the option of the holders of the bonds. (Added by Stats. 1986, Ch. 301, Sec. 3. Effective July 14, 1986.)

Last verified: January 23, 2026

Key Terms

principalinterestbondslawful moneyretail transactions and use tax

Related Statutes

  • § 131112 Bond Interest Rate Limit
  • § 103357 Bond Limits For Tax Revenue
  • § 131108 County Transportation Tax Bonds
  • § 131115 Bond Signing Procedures
  • § 131116 Bond Sale Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 131114.
View Official Source