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.

HomeFish and Game CodeDiv. 3Ch. 7Art. 3§ 2641 Bond Payment Revenue Collection

§ 2641 Bond Payment Revenue Collection

Fish and Game Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 2641 Bond Payment Revenue Collection

This law says the state must collect extra money each year, just like other taxes, to pay back the bonds that are due that year.

Key Takeaways

  • •Each year the state must gather an additional sum of money.
  • •The extra money is collected the same way and at the same time as other state taxes.
  • •The money is used to pay the principal and interest on bonds that mature that year.
  • •All officials in charge of collecting taxes must do whatever is needed to get this extra sum.

Example

The state issued a bond that will be paid back next June. To have enough cash, the state adds a small extra charge to everyone's tax bill this year.

Because of this law, the extra charge is collected at the same time as regular taxes, and the money is used to cover the bond’s principal and interest when it comes due.

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

Official Source
View on CA.gov

§ 2641 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 such a sum in addition to the ordinary revenues of the state as shall be required to pay the principal and interest on the bonds maturing each year, and it is hereby made 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 shall be necessary to collect that additional sum. (Added by Stats. 1984, Ch. 6, Sec. 1. Approved in Proposition 19 at the June 5, 1984, election. Operative July 1, 1984, by Stats. 1984, Ch. 6, Sec. 3.)

Last verified: January 10, 2026

Key Terms

principal and interestbonds maturingadditional sumrevenue collection

Related Statutes

  • § 2642 Bond Payment Appropriations
  • § 2640 State Bond Issuance Authority
  • § 2643 Bond Proceeds For Wildlife Fund
  • § 2644 Bond Fund Withdrawal Authority
  • § 2644.5 Bond Tax Compliance Accounts

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Fish and Game Code. Section 2641.
View Official Source