In no event shall refunding bonds be issued for more than the par value of the outstanding bonds and the due and unpaid interest coupons to be refunded.
Cal. Sts. & High. Code § 9401
Issuance of Refunding Bonds
Added by Stats. 1951, Ch. 463.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.