California · Military and Veterans Code - MVC

MVC §482.3: A resolution of issuance may provide for the call and redemption of revenue bonds issued thereunder, upon such terms, conditions and notice, and upon the payment of such premium, as may be fixed in sa

What this law says, in plain English

A resolution authorizing revenue bond issuance may specify terms for calling and redeeming those bonds, including conditions, notice requirements, and any applicable premiums.

Read the full statutory text

A resolution of issuance may provide for the call and redemption of revenue bonds issued thereunder, upon such terms, conditions and notice, and upon the payment of such premium, as may be fixed in said resolution. No revenue bond shall be subject to call or redemption prior to its fixed maturity date unless the right to exercise such call is expressly stated on the face of the revenue bond.

Verify at the official source: California legislative text

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