Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 3./Title 3.: DIVISION 3. FINANCIAL PROVISIONS/Ch. 6.: CHAPTER 6. Bonds/Art. 3.: ARTICLE 3. Special Improvement Bonds/§ 29968.
California Statutes

§ 29968. — 29968. (Added by Stats. 1947, Ch. 424.)

California § 29968.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.3.
Title 3.DIVISION 3. FINANCIAL PROVISIONS
Ch. 6.CHAPTER 6. Bonds
Art. 3.ARTICLE 3. Special Improvement Bonds

This text of California § 29968. (29968. (Added by Stats. 1947, Ch. 424.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 29968. (2026).

Text

If the bonds mature at one time, the annual tax levy shall be sufficient to pay the interest on the bonds as it comes due and create a sinking fund for the payment of the principal on or before maturity. The sum to be raised each year and placed in the sinking fund for the payment of the principal of the bonds shall not be less than an amount obtained by dividing the total principal amount of the bonds issued by the total number of years the bonds are to run.

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Legislative History

Added by Stats. 1947, Ch. 424.
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California § 29968., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/29968..