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HomeWater CodeDiv. 5Pt. 5Ch. 6Art. 4§ 9450 Bond Maturity Order Compliance

§ 9450 Bond Maturity Order Compliance

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

§ 9450 Bond Maturity Order Compliance

Key Takeaways

  • •The board can decide when the bonds should be paid back.
  • •The State Treasurer must follow the board's instructions as much as possible.

Example

The board says the bonds should be paid back in 10 years.

The State Treasurer must try to make sure the bonds are paid back in 10 years, just like the board said.

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

Official Source
View on CA.gov

§ 9450 Bond Maturity Order Compliance

In drawing any order upon the State Treasurer payable in bonds, the board may specify the maturity of the bonds which are to be delivered in compliance with the order and the specifications shall be complied with by the State Treasurer as far as possible. (Added by Stats. 1943, Ch. 369.)

Last verified: January 23, 2026

Key Terms

compliancestate treasurermaturity

Related Statutes

  • § 9442 Bond Sale Notice Requirements
  • § 9445 Bond Purchase Bid Awards
  • § 9446 Bid Rejection For Bonds
  • § 9459 Bond Payment From Fund
  • § 11595 Property Disposal And Leasing

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 9450.
View Official Source