California Public Utilities Code

§ 131113

PUC § 131113 Effective Jul 14, 1986Div. 12.5 · Ch. 3

Statute text

In the resolution authorizing the issuance of the bonds, the agency imposing the retail transactions and use tax may also provide for the call and redemption of the bonds prior to maturity at the times and prices and upon other terms as specified. However, no bond is subject to call or redemption prior to maturity, unless it contains a recital to that effect or unless a statement to that effect is printed.

Legislative history

Added by Stats. 1986, Ch. 301, Sec. 3. Effective July 14, 1986.