Statute · California Public Utilities Code
Cal. Pub. Util. Code § 50255 — Refunding
Cal. Pub. Util. Code § 50255
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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 at not less than par and accrued interest for the bonds so refunded.
Citator
Cal. Pub. Util. Code § 50255 — Refunding is in force in the current edition of the Code, and nothing recorded condemns it.
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 at not less than par and accrued interest for the bonds so refunded.