By proceeding in accordance with the provisions of this part the treasurer may advance the maturity of any bond to the second day of March or September in any year and pay and cancel the same whenever there is sufficient surplus moneys in the redemption fund for its retirement.
Cal. Sts. & High. Code § 8750
ADVANCE RETIREMENT OF BONDS
Known as the Improvement Bond Act
The act spans §§ 8500 to 8887 (148 sections).
Amended by Stats. 1985, Ch. 65, Sec. 16
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.