General obligation bonds may be exchanged dollar for dollar for bonds of the State.
Cal. Water Code § 36171
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.