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HomeEducation CodeDiv. 14Pt. 68.2Ch. 3Art. 5§ 100925 Bond Principal And Interest Collection

§ 100925 Bond Principal And Interest Collection

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

§ 100925 Bond Principal And Interest Collection

This law says the state must collect extra money every year, just like other taxes, to pay back the main amount and interest on its bonds, and the officials in charge must do everything needed to get that money.

Key Takeaways

  • •The state must collect an additional sum 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 handle tax collection must do everything needed to get this extra money.

Example

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

Every year the state has to collect an extra amount of money, using the same tax system, so it can make the bond payments. The tax collectors must make sure this extra money is gathered, just like they do with regular taxes.

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

Official Source
View on CA.gov

§ 100925 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. 2002, Ch. 33, Sec. 31. Approved in Proposition 55 at the March 2, 2004, election.)

Last verified: January 10, 2026

Key Terms

principalinterestbondsadditional sumrevenue collection

Related Statutes

  • § 100525 Bond Principal And Interest Collection
  • § 100725 Bond Payment Revenue Collection
  • § 101145.5 Bond Repayment Revenue Collection
  • § 101445 Bond Payment Revenue Collection
  • § 100930 General Fund Bond Appropriation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100925.
View Official Source