BlackletterCalifornia law

Government Code § 43820

ARTICLE 5. Prepayment

Current as of September 28, 2026Gov. Code, § 43820Official source ↗

Added by Stats. 1949, Ch. 79.

In its ordinance or resolution authorizing the issuance of bonds, a city legislative body may provide that a certain portion of such bonds, as determined and specified in the ordinance or resolution, will be paid by the city each year prior to maturity, at the option of the holders, pursuant to this article. Such advance payment of bonds shall be in addition to the payment of bonds of the same issue at maturity.