§ 29973 Bond Redemption Notice Requirements

• •If bonds are being called back (redeemed), the people who issued them must tell everyone by putting a notice in a local newspaper.
• •The notice must be printed once a week for two weeks in a row.
• •The first notice must be printed at least 30 days before the bonds are due to be redeemed.

Imagine a city wants to pay back some bonds they issued earlier to build a new park.

The city must put a notice in the local newspaper once a week for two weeks. The first notice must be at least 30 days before the bonds are due to be paid back. This gives everyone who owns the bonds enough time to know about it.