LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeEducation CodeCh. 1Art. 8§ 15232 Bond Payment Locations

§ 15232 Bond Payment Locations

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

§ 15232 Bond Payment Locations

This law lets the county board decide where bond payments (principal and interest) are made, and lets the bondholder choose a designated place, with any extra costs paid by the district's tax money.

Key Takeaways

  • •The board of supervisors chooses where bond payments are made.
  • •Bondholders can pick a designated payment place if the board allows it.
  • •The payment location must be written in the bond document.
  • •Any extra cost of paying somewhere other than the treasurer’s office is charged to the district and paid from the taxes collected for the bonds.

Example

A county issues bonds and a bondholder wants the payment sent to a trustee’s office in another state instead of the county treasurer’s office.

The board can approve that payment location, the bond must say that’s where the money will go, and any extra fees for sending the payment there are taken from the district’s tax fund that was set up to pay the bonds.

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

Official Source
View on CA.gov

§ 15232 Bond Payment Locations

The board of supervisors may make the principal and interest of the bonds payable at the office of the treasurer of the county, or at any other place within the United States, including any office of a trustee or paying agent, which the board may designate, or at the office of the county treasurer, or at any other designated place at the option of the bondholder. The place of payment shall be specified in the bonds. The expense of paying the bonds elsewhere than at the office of the treasurer shall be a proper charge against the district to be paid out of the tax levied and collected for the payment of the bonds. (Amended by Stats. 2001, Ch. 176, Sec. 3. Effective January 1, 2002.)

Last verified: January 10, 2026

Key Terms

board of supervisorsbondsplace of paymentcounty treasurerdistrict

Related Statutes

  • § 15230 Bond Repayment And Redemption
  • § 15231 Bond Series Issuance Rules
  • § 15233 Bond Payment Procedures
  • § 15126 Bond Election Error Validation
  • § 15142 Community College Bond Issuance

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 15232.
View Official Source