California Government Code

§ 5752

GOV § 5752 Effective Jan 1, 1993Div. 6 · Title 1 · Ch. 9.5

Statute text

The Treasurer may sell California savings bonds in accordance with the requirements of this chapter. Notwithstanding any provision of law, when the Treasurer determines that bonds are to be sold, the Treasurer may request the governing body to authorize bonds with the following terms and the governing body shall authorize these terms:

(a)The bonds may be issued in a denomination or denominations of any amount or amounts requested by the Treasurer and all bonds of the same issue or same series need not be of the same denomination.

(b)The bonds may bear no interest or may bear interest payable only at maturity or at the times and in the manner established in the resolution, indenture, agreement, or other instrument providing for the issuance of the bonds.

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Legislative history

Added by Stats. 1992, Ch. 954, Sec. 1. Effective January 1, 1993.