The issuance of refunding bonds shall not be construed as the incurring or increase of an indebtedness within the meaning of this act, and the approval of the voters is not required for the issuance of refunding bonds. The board may provide for the call and redemption of any or all of the bonds on any interest payment date prior to their fixed maturity in the ordinance authorizing the issuance of the refunding bonds.
Cal. Pub. Util. Code § 98351
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.