California Water Code ARTICLE 4 - Unauthorized Refunding Modification

• Section 25110.
  The provisions of this article are applicable only to refunding plans which both:(a) Were adopted prior to January 31, 1939.(b) Then contained no provisions for modification.(Added by...
• Section 25111.
  The terms of any refunding plan and of the refunding bonds outstanding thereunder may be modified from time to time if the modification is approved...
• Section 25112.
  The approval of the modification by the district shall be given by a resolution of its board and by its voters at an election called...
• Section 25113.
  Notice of the election shall be given and it shall be held in substantially the same manner as a bond election, except that a majority...
• Section 25115.
  The approval of the holders of outstanding refunding bonds affected by the modification shall be evidenced by either of the following:(a) The written consent of all...
• Section 25116.
  If the modification is approved in the manner provided in this article, the district need not issue new refunding bonds and coupons in exchange for...
• Section 25117.
  If the modification or modified refunding plan provides for the extension of the time of maturity of all or any of the refunding bonds, the...
• Section 25118.
  All refunding bonds the terms of which have been modified shall continue to be binding outstanding bonds of the district and negotiable instruments irrespective of...
• Section 25119.
  Any modification of any refunding plan adopted pursuant to the provisions of this article may provide for its subsequent modification with the consent of the...

Last modified: October 22, 2018