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HomeEducation CodeDiv. 14Pt. 68.1Ch. 3Art. 5§ 100725 Bond Payment Revenue Collection

§ 100725 Bond Payment Revenue Collection

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

§ 100725 Bond Payment Revenue Collection

This law says the state has to collect extra money every year, just like other taxes, to pay back the bonds it issued and the interest on them.

Key Takeaways

  • •An extra sum must be collected each year for bond principal and interest.
  • •The extra money is collected the same way and at the same time as other state taxes.
  • •All officials who collect taxes must take every step needed to get this extra money.

Example

The state issues bonds to build a new highway and needs to pay back the loan plus interest each year.

Every year the state must gather an extra amount of money, using the same tax collection process, so it can make the bond payments. The people in charge of collecting taxes have to do whatever is needed to get that extra money.

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

Official Source
View on CA.gov

§ 100725 Bond Payment Revenue 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. 2002, Ch. 33, Sec. 30. Approved in Proposition 47 at the November 5, 2002, election.)

Last verified: January 10, 2026

Key Terms

principalinterestbondsadditional sum

Related Statutes

  • § 100925 Bond Principal And Interest Collection
  • § 100525 Bond Principal And Interest Collection
  • § 100930 General Fund Bond Appropriation
  • § 101145.5 Bond Repayment Revenue Collection
  • § 101445 Bond Payment Revenue Collection

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100725.
View Official Source