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Legal Resources | Education Code |  EC  15402  

School Facilities Improvement District; Method of Bond Payment   

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The board of supervisors may make the principal and interest of the bonds payable at the office of the treasurer of the county, or at any other place within the United States which the board may designate, or at the office of the county treasurer, or at any other designated place at the option of the bondholder. The place of payment shall be specified in the bonds. The expense of paying the bonds elsewhere than at the office of the treasurer shall be a proper charge against the school facilities improvement district to be paid out of the tax levied and collected for the payment of the bonds.

(Added by Stats. 1996, Ch. 277, Sec. 2. Operative January 1, 1998.)