Section 17243 Of Article 3. Reimbursement And Refunding Warrants From California Government Code >> Division 4. >> Title 2. >> Part 4. >> Chapter 2. >> Article 3.
17243
. The Controller may fix a maturity date for reimbursement
warrants, and indorse upon each warrant, the date upon which the
principal amount of the warrant will be paid and redeemed. The
Controller, with the concurrence of the Department of Finance and the
Office of the State Treasurer, may fix periodic payment dates for
interest on reimbursement warrants or provide that interest on
reimbursement warrants be paid only upon redemption, provided that
interest on registered reimbursement warrants for which the committee
has not fixed a maximum rate of interest pursuant to Section 17244
shall be paid only upon redemption of the registered reimbursement
warrant.