California · Harbors and Navigation Code - HNC
HNC §3921: The State Treasurer directly or through a state fiscal agent, or agents, shall, on the respective dates of maturity of all bonds, or on the date fixed for the prior redemption of any thereof which may
What this law says, in plain English
The State Treasurer must redeem bonds on their maturity dates or scheduled redemption dates, either directly or through a fiscal agent.
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