DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 1. GENERAL 36501-36525›CHAPTER 7. City Attorney 41801-41805›ARTICLE 4. Investment Bond Act of 1909 43760-43797
§ 43768
California Government Code · 2026-09 edition · updated 2026-09-27 · California
In the exchange of bonds, interest upon the bonds to be acquired accruing to the date of exchange may be offset against the interest accruing upon the bonds issued pursuant to this article. In the purchase of bonds, interest accruing to date of exchange may be paid.
(Added by Stats. 1949, Ch. 79.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code