California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 4. GOVERNMENT OF CITIES |
Division 4. FINANCIAL PROVISIONS |
Chapter 4. Bonds |
ARTICLE 1. General |
Section 43633.
Latest version.
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If the earliest maturity of the bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.
(Added by Stats. 1949, Ch. 79.)