§ 9457 Bond Redemption Authority

Water Code·California

AI SummaryVerified

Key Takeaways

•The board can decide to pay back some bonds early.
•They can do this on certain dates after July 1, 1921.
•They pay the full amount plus any interest that has built up.

Example

Imagine you lent money to a friend, and they decide to pay you back earlier than planned.

The board can do the same with bonds. If they have extra money, they can choose to pay back some bonds early, but they have to pay the full amount plus any interest.

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

Official Source

View on CA.gov

§ 9457 Bond Redemption Authority

The board may call and redeem in their numerical order such an amount of the bonds as it may see fit on any interest date subsequent to the first day of July, 1921, at their face value, with accrued interest to date of redemption. (Added by Stats. 1943, Ch. 369.)

Last verified: January 23, 2026

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 9457.

Key Takeaways

Example

Related Statutes

References

Key Takeaways

Example

Related Statutes

References