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HomeEducation CodeCh. 3Art. 2§ 100525 Bond Principal And Interest Collection

§ 100525 Bond Principal And Interest Collection

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 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.

Key Takeaways

  • •The state must gather an additional sum every year for bond principal and interest.
  • •The extra money is collected the same way and at the same time as regular state revenue.
  • •Any officer who handles revenue collection must also collect this extra amount.

Example

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.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 100525 Bond Principal And Interest Collection

There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the state, a sum in an amount required to pay the principal of, and interest on, the bonds each year. It is the duty of all officers charged by law with any duty in regard to the collection of the revenue to do and perform each and every act which is necessary to collect that additional sum. (Added by Stats. 1998, Ch. 407, Sec. 16. Approved in Proposition 1A at the November 3, 1998, election.)

Last verified: January 10, 2026

Key Terms

principalinterestbondsadditional sumrevenue collection

Related Statutes

  • § 100925 Bond Principal And Interest Collection
  • § 101145.5 Bond Repayment Revenue Collection
  • § 101445 Bond Payment Revenue Collection
  • § 100434 Bond Payment Revenue Collection
  • § 100634 Bond Principal And Interest Collection

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100525.
View Official Source