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HomePublic Utilities CodeDiv. 9Pt. 2Ch. 5Art. 3§ 22782 Bond Payment Location Options

§ 22782 Bond Payment Location Options

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

§ 22782 Bond Payment Location Options

Key Takeaways

  • •The county leaders can decide where people pay back the money they borrowed (like loans for big projects).
  • •The payment place can be the county treasurer’s office or another spot in the U.S. that the county picks.
  • •If the payment place is not the county office, the county has to pay extra costs for that.
  • •The payment spot must be written clearly on the loan papers.

Example

A county borrows money to build a new school and lets people pay back the loan at a bank in another city instead of the county office.

The county must tell everyone where to pay (like the bank) and cover any extra costs for using that bank instead of their own office.

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

Official Source
View on CA.gov

§ 22782 Bond Payment Location Options

The board of supervisors may make the principal and interest of the bonds payable at the office of the treasurer of the principal county, at such other place within the United States as the board may designate, or at the county treasurer’s office or such other designated place at the option of the bondholders. The place of payment shall be specified in the bonds. The expense of paying the principal and interest other than at the office of the county is a charge against the district funds, to be paid out of the tax for the payment of the bonds. (Added by Stats. 1953, Ch. 151.)

Last verified: January 23, 2026

Key Terms

board of supervisorsprincipal and interestbondsplace of paymentdistrict funds

Related Statutes

  • § 22778 Bond Issuance Procedures
  • § 22781 Bond Payment Requirements
  • § 131280 Transportation Authority Termination
  • § 22776 Bond Issuance Vote Certification
  • § 22777 District Bond Issuance Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 22782.
View Official Source