Statute · California Public Utilities Code
Cal. Pub. Util. Code § 96504 — Refunding
Cal. Pub. Util. Code § 96504
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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, or the call price, of the bonded indebtedness for which the refunding bonds were issued.
Citator
Cal. Pub. Util. Code § 96504 — Refunding is in force in the current edition of the Code, and nothing recorded condemns it.
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, or the call price, of the bonded indebtedness for which the refunding bonds were issued.