§ 100525 Bond Principal And Interest Collection
This law says the state has to collect an extra amount of money each year, just like it collects taxes, to pay back bonds and the interest on them.
When a state tax collector goes door‑to‑door gathering property taxes, they also have to collect a special extra fee that goes toward paying the state's bonds.
The collector uses the same forms and timing they use for regular taxes, but adds the extra amount so the state can meet its bond payments.
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§ 100525 Bond Principal And Interest Collection
Last verified: January 10, 2026