§ 9514 Refunding Bond Payment Terms

Water Code·California

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Key Takeaways

•Refunding bonds must start being paid back within 5 years.
•All payments must be finished within 25 years from the start.
•This rule was added in 1943.

Example

A city takes out a loan to fix old pipes and issues refunding bonds to pay it back.

The city must start paying back the loan within 5 years and finish paying it off in 25 years.

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

Official Source

View on CA.gov

§ 9514 Refunding Bond Payment Terms

The payment of the refunding bonds shall begin not later than five years from the date thereof and shall be completed in not more than 25 years from the date thereof. (Added by Stats. 1943, Ch. 369.)

Last verified: January 23, 2026

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 9514.

Key Takeaways

Example

Related Statutes

References

Key Takeaways

Example

Related Statutes

References