In the resolution authorizing the issuance of the bonds, the authority may also provide for the call and redemption of the bonds prior to maturity at the times and prices and upon other terms as specified. However, no bond is subject to call or redemption prior to maturity, unless it contains a recital to that effect or unless a statement to that effect is printed.
Cal. Pub. Util. Code § 180255
Bonds
Known as the Local Transportation Authority and Improvement Act
The act spans §§ 180000–180305 (54 sections).
Added by Stats. 1987, Ch. 786, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.