§ 8768
44 words·~1 min read·
/ca/streets-and-highways-code/8768A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The treasurer shall select bonds for retirement in such a way that the ratio of outstanding bonds to issued bonds shall be approximately the same in each annual series insofar as possible. Within each annual series, bonds shall be selected for retirement by lot.