California Education Code

§ 90042

EDC § 90042Div. 8 · Title 3 · Part 55 · Ch. 8 · Art. 2

Statute text

Bonds may be callable upon any terms, conditions, and upon any notice as the board may determine, and upon the payment of the premium as may be fixed by the board in the proceedings for the issuance of the bonds. No bond is subject to call or redemption prior to its fixed maturity date unless the right to exercise the call is expressly stated on the face of the bond.

Legislative history

Amended by Stats. 1988, Ch. 740, Sec. 15.