California Government Code

§ 17275

GOV § 17275 Effective Jan 1, 2012Div. 4 · Title 2 · Part 4 · Ch. 2 · Art. 4

Statute text

Any interest paid on any registered warrant shall accrue to the person holding the warrant on the date of redemption, except a registered reimbursement warrant may provide otherwise. A registered warrant ceases to bear interest on the first of the following dates:

(a)The maturity date endorsed on its face, if any, if on that date unapplied money or the proceeds of refunding warrants are available for its payment.

(b)The date of redemption, so long as the date is at least three days following the first day of published notice pursuant to Section 17273.

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Legislative history

Amended by Stats. 2011, Ch. 306, Sec. 1. (SB 506) Effective January 1, 2012.