Cal. Code Regs. tit. 2 § 1101.12
Current through Register 2024 Notice Reg. No. 41, October 11, 2024
Bond premium, discount and expense may be credited or charged to operations in the year the bonds are sold, except that if a discount is substantial in relation to the bonds, it should be amortized over the life of the bonds.
Cal. Code Regs. Tit. 2, § 1101.12