The proceeds of the sale of refunding bonds shall be applied only to the purchase, or retirement at not more than par and accrued interest, or the call price, of the bonded indebtedness for which the refunding bonds were issued.
Cal. Pub. Util. Code § 90664
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.