California Government Code

§ 16781

GOV § 16781 Effective Jan 1, 2000Div. 4 · Title 2 · Part 3 · Ch. 4 · Art. 6

Statute text

(a)Except as otherwise provided in this article or in subdivision (b), all of the provisions of this chapter are applicable to the issuance and sale of refunding bonds.

(b)(1) Sections 16730 and 16757 are not applicable to the issuance and sale of refunding bonds.

(2)Notwithstanding Section 16754.3, refunding bonds may be sold by negotiated sale if the Treasurer determines that it is in the best interest of the state to do so.

Legislative history

Amended by Stats. 1999, Ch. 522, Sec. 4. Effective January 1, 2000.