Whenever the board, by resolution passed by a vote of four-fifths of all its members, determines that the refunding of the whole, or any portion of, the bonded indebtedness will be of advantage to the district, the board may refund the bonded indebtedness, or any portion thereof, and issue refunding bonds of the district therefor.
Cal. Pub. Util. Code § 101315
Refunding
Known as the Golden Empire Transit District Act
The act spans §§ 101000–101372 (180 sections).
Added by Stats. 1971, Ch. 1161.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.