California Government Code

§ 16782

GOV § 16782 Effective Sep 29, 2006Div. 4 · Title 2 · Part 3 · Ch. 4 · Art. 6

Statute text

(a)Refunding bonds may be issued in a principal amount sufficient to provide funds, either directly or by the purchase of nonredeemable securities, the principal and interest on which shall provide funds for the payment of any or all of the following:

(1)The principal of or purchase price of the bonds to be refunded by the refunding bonds.

(2)All expenses incident to the calling, retiring, purchasing, or paying of the outstanding bonds and the issuance of the refunding bonds, including any excess of the par value of the refunding bonds over the selling price thereof.

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Legislative history

Amended by Stats. 2006, Ch. 640, Sec. 7. Effective September 29, 2006.