Refunding bonds shall bear interest at a rate not exceeding the interest rate on the refunded bonds, but payment of the refunding bonds shall begin not later than one year from the date thereof and be complete in not more than 40 years from that date.
Cal. Pub. Util. Code § 90663
Refunding
Known as the San Diego County Transit District Act
The act spans §§ 90000–93017 (221 sections).
Added by Stats. 1965, Ch. 2039.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.