California Water Code ARTICLE 5 - Refunding

• Section 31440.
  The board may, by resolution, do the following:(a) Submit to the voters a measure to issue new bonds to refund any or all of the district...
• Section 31441.
  The measure may be voted on at any district election.(Added by Stats. 1949, Ch. 274.)
• Section 31442.
  The procedure upon the election shall be in accordance, so far as applicable, with the procedure upon an original issue of bonds, except that:(a) No hearing...
• Section 31443.
  The refunding bonds shall not bear a higher rate of interest than the bonds to be refunded and may be issued and sold in the...
• Section 31444.
  Refunding bonds may, if the holders of bonds of an original issue and the board so agree, be exchanged for original bonds.(Added by Stats. 1949,...
• Section 31445.
  The face value of refunding bonds exchanged for original bonds shall not exceed the face value of the original bonds.(Added by Stats. 1949, Ch. 274.)
• Section 31446.
  The board may raise money by water rates or taxes to pay principal and interest of the refunding bonds in the same manner as prescribed...

Last modified: October 22, 2018