California Public Utilities Code ARTICLE 4 - Refunding

• Section 50250.
  Whenever the board by resolution passed by a vote of two-thirds of all its members determines that the refunding of the whole or any portion...
• Section 50251.
  The issuance of refunding bonds shall not be construed as the incurring or increase of an indebtedness within the meaning of this act, and the...
• Section 50252.
  Except as otherwise provided, the provisions of this chapter shall substantially govern as to all matters pertaining to the issuance of refunding bonds, including and...
• Section 50253.
  Refunding bonds shall bear interest at a rate not exceeding the interest rate on the refunded bonds, but payment of the refunding bonds shall begin...
• Section 50254.
  The proceeds of the sale of refunding bonds shall be applied only to the purchase, or retirement at not more than par and accrued interest,...
• Section 50255.
  In lieu of selling refunding bonds and using the proceeds to purchase or retire the bonds to be refunded, the board may exchange refunding bonds...
• Section 50256.
  Whenever outstanding bonds are refunded they shall be surrendered to the treasurer of the district, who shall cancel them by endorsing on their face the...

Last modified: October 22, 2018