ARTICLE 2. Sinking Fund

Article 2 added by Stats. 1951, Ch. 336.

§§ 52730–52737 · 6 sections

• § 52730 The board, prior to, or at the time of, issuance of the refunding bonds under this chapter, shall provide for the creation of an annual sinking fund for the…
• § 52731 The county treasurer, at least 90 days before the first day of January in each year during which the refunding bonds are outstanding, shall levy and collect a…
• § 52732 Ninety days, or more, before the first day of January in any year, the board may modify the amount of the sinking fund payment. The board shall forthwith mail…
• § 52735 In any year in which the district has surplus funds from other sources available for the sinking fund payment and has deposited such funds in the sinking fund…
• § 52736 The board may invest the money in the sinking fund in bonds of the United States or of the State of California, and hold the bonds so purchased, and the income…
• § 52737 The proceeds of sale of any bonds in which any part of the sinking fund is invested shall be deposited in the sinking fund.