§ 50719 Bond Payment Requirements

Government Code·California

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Key Takeaways

•If a government or group borrows money by selling bonds, they must pay back the money on time.
•They also have to pay the extra money (interest) they promised on the right dates.
•The rules for paying back are written in the bond agreement.

Example

A city borrows money to build a new park by selling bonds.

The city must pay back the money it borrowed, plus interest, on the dates they promised in the bond agreement. If they don’t, they’re breaking the rules.

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

Official Source

View on CA.gov

§ 50719 Bond Payment Requirements

An indenture may include a clause relating to the bonds issued thereunder requiring the board to pay or cause to be paid punctually the principal of all such bonds and the interest thereon on the date or dates, at the place or places, and in the manner mentioned in such bonds and in the coupons appertaining thereto in accordance with such indenture. (Added by Stats. 1957, Ch. 2066.)

Last verified: January 22, 2026

Key Terms

agreement indenture principal accordance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 50719.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References