California § 43632. 43632. (Added by Stats. 1949, Ch. 79.)

California Statutes

§ 43632. — 43632. (Added by Stats. 1949, Ch. 79.)

California § 43632.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.4.

Title 4.DIVISION 4. FINANCIAL PROVISIONS

Ch. 4.CHAPTER 4. Bonds

Art. 1.ARTICLE 1. General

This text of California § 43632. (43632. (Added by Stats. 1949, Ch. 79.)) 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 § 43632. (2026).

Text

At the time of making the general tax levy after incurring the bonded indebtedness, and annually thereafter until the bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the legislative body shall levy and collect a tax sufficient to pay the interest on the bonds and such part of the principal as will become due before the proceeds of a tax levied at the next general tax levy will be available.

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At the time of making the general tax levy after incurring the bonded indebtedness, and annually thereafter until the bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the legislative body shall levy and collect a tax sufficient to pay the interest on the bonds and such part of the principal as will become due before the proceeds of a tax levied at the next general tax levy will be available.

Legislative History

Added by Stats. 1949, Ch. 79.

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California § 43632., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/43632..