Whenever the board by resolution passed by a vote of two-thirds 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 § 98350
Refunding
Known as the Santa Cruz Metropolitan Transit District Act
The act spans §§ 98000–98407 (206 sections).
Added by Stats. 1967, Ch. 978.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.