Cal. Mil. & Vet. Code § 998.108

Current through the 2024 Legislative Session.

Section 998.108 - Authority of Treasurer to sell bonds

The committee may authorize the Treasurer to sell all or any part of the bonds authorized by this article at the time or times fixed by the Treasurer.

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.

Ca. Mil. and Vet. Code § 998.108

Added by Stats. 1990, Ch. 573, Sec. 1. Approved in Proposition 142 at the November 6, 1990, election.