The bank, a special purpose trust, or any sponsor or participating party may, out of any funds available therefor, purchase their respective bonds. The bank and a special purpose trust may hold, pledge, cancel, or resell their bonds, subject to and in accordance with agreements with bondholders.
Cal. Gov. Code § 63077
Revenue Bonds
Known as the Bergeson-Peace Infrastructure and Economic Development Bank Act
The act spans §§ 63000–63087 (36 sections).
Amended by Stats. 1995, Ch. 863, Sec. 33
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.