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Section 19262 Of Article 5. Voting Modernization Bond Act Of 2002 (shelley-hertzberg Act) From California Elections Code >> Division 19. >> Chapter 3. >> Article 5.
19262
. (a) The committee may authorize the Treasurer to sell all or
any part of the bonds authorized by this article at the time or
times established by the Treasurer.
(b) 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.
(b) 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.
