California Public Utilities Code

§ 99692.5

PUC § 99692.5Div. 10 · Part 11.5 · Ch. 6

Statute text

The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out this part, and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those purposes progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time.

Legislative history

Added June 5, 1990, by initiative Proposition 116.