Bonds shall bear dates prescribed by the board. Bonds may be serial bonds or sinking fund bonds with those maturities as the board may determine. No bond by its terms shall mature in more than 50 years from its own date and, in the event any authorized issue is divided into two or more series or divisions, the maximum maturity date herein authorized shall be calculated from the date on the face of each bond separately, irrespective of the fact that different dates may be prescribed for the bonds of each separate series or division of any authorized issue.
Cal. Educ. Code § 90045
The State University Revenue Bond Act of 1947
Known as the The State University Revenue Bond Act
The act spans §§ 90010–90083 (74 sections).
Amended by Stats. 1988, Ch. 740, Sec. 18.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.