§ 11712 Bond Purchase Payment Rules

Water Code·California

AI SummaryVerified

This law says that when the government buys bonds, the money must be paid to the Treasurer or someone the Treasurer picks.

Key Takeaways

•When the government buys bonds, the money goes to the Treasurer.
•The Treasurer can pick someone else to receive the money.
•This is just about how the money is handled, not what the bonds are for.

Example

Imagine the government wants to buy bonds to fund a new school.

The money used to buy those bonds has to go to the Treasurer or someone they choose to handle it.

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

Official Source

View on CA.gov

§ 11712 Bond Purchase Payment Rules

The purchase price of bonds shall be paid for the account of the department to the Treasurer or the designee of the Treasurer. (Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 3. Effective June 6, 1991.)

Last verified: January 11, 2026

Key Terms

purchase price of bonds Treasurer designee of the Treasurer account of the department

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11712.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References