Statute · California Government Code
Cal. Gov't Code § 53364 — Bonds
Cal. Gov't Code § 53364
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1984-07-03
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Following the issuance of any refunding bonds pursuant to this article, the treasurer of the local agency shall provide for the payment of principal and interest on the refunding bonds in the same manner as for the bonds being refunded. Payments on the refunding bonds may be made from the…
Citator
Cal. Gov't Code § 53364 — Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
Following the issuance of any refunding bonds pursuant to this article, the treasurer of the local agency shall provide for the payment of principal and interest on the refunding bonds in the same manner as for the bonds being refunded. Payments on the refunding bonds may be made from the “refunding fund” or from the redemption fund established for the bonds being refunded. However, the bonds being refunded shall have a priority claim on funds in the redemption fund.