DIVISION 19. CERTIFICATION OF VOTING SYSTEMS 19001-19402›CHAPTER 3. Certification of Voting Systems 19200-19275›ARTICLE 5. Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act) 19250-19266
§ 19262
California Elections Code · 2020-11 edition · updated 2026-10-04 · California
(a) The committee may authorize the Treasurer to sell all or any part of the bonds authorized by this article at the time or times established by the Treasurer.
(b) Whenever the committee deems it necessary for an effective sale of the bonds, the committee may authorize the Treasurer to sell any issue of bonds at less than their par value, notwithstanding Section 16754 of the Government Code. However, the discount on the bonds shall not exceed 3 percent of the par value thereof.
(Added by renumbering Section 19241 by Stats. 2013, Ch. 602, Sec. 60. (SB 360) Effective January 1, 2014. Note: This section (as originally numbered) was added by Stats. 2001, Ch. 902, and approved in Prop. 41 on March 5, 2002.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code