The board may order general obligation bonds sold at not less than 90 percent of par value when the board deems it for the best interest of the district to do so.
Cal. Water Code § 36170
Sale and Exchange of Bonds
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Added by Stats. 1951, Ch. 390.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.