Section 90045 Of Article 2. The State University Revenue Bond Act Of 1947 From California Education Code >> Division 8. >> Title 3. >> Part 55. >> Chapter 8. >> Article 2.
90045
. Bonds shall bear dates prescribed by the board. Bonds may be
serial bonds or sinking fund bonds with those maturities as the
board may determine. No bond by its terms shall mature in more than
50 years from its own date and, in the event any authorized issue is
divided into two or more series or divisions, the maximum maturity
date herein authorized shall be calculated from the date on the face
of each bond separately, irrespective of the fact that different
dates may be prescribed for the bonds of each separate series or
division of any authorized issue.