§ 54012 Bond Issuance Procedures
Imagine the state wants to build a new school but doesn’t have enough money right now.
The state can sell bonds (like IOUs) to people to get the money now. This law says how they must do it—like how the IOUs should look, how they’re sold, and how the state pays the money back later. It’s like following a rulebook for borrowing money.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 54012 Bond Issuance Procedures
Last verified: January 24, 2026