GroundRules
EDC § 15144.2
Where this section sits in the code
- Education Code - EDC
- TITLE 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]
- DIVISION 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]
- PART 10. SCHOOL BONDS [15100. - 17204.]
- CHAPTER 1. Bonds of School Districts and Community College Districts [15100. - 15262.]
- ARTICLE 3. Issuance and Sale of Bonds [15140. - 15150.]
A bond that allows for the compounding of interest, including, but not limited to, a capital appreciation bond, maturing more than 10 years after its date of issuance shall be subject to redemption before its fixed maturity date, with or without a premium, at any time, or from time to time, at the option of the issuer, beginning no later than the 10th anniversary of the date the bond that allows for the compounding of interest was issued.
Collected 2026-09-14T05:56:33Z. Source file · JSON