§ 92526 Bond Default Acceleration Clauses

• •This law is about rules for paying back money borrowed by a group called 'the regents'.
• •If the regents don't follow the rules (like missing payments), the people they owe money to can ask for all the money back early.
• •The rules can also say how to fix the problem if the regents mess up, so they don’t have to pay everything back right away.

Imagine you borrow money from a friend to buy a bike, and you agree to pay them back a little each month. But if you miss too many payments, your friend can say, 'Give me all my money back now!'

This law works the same way. If the regents borrow money but break the rules (like missing payments), the people who lent them money can ask for it all back early. But the rules can also say how the regents can fix the problem to avoid paying it all back at once.