Statute · California Water Code
Cal. Water Code § 36447.12 — Alternative Provisions for the Issuance of Bonds of Improvement Districts
Cal. Water Code § 36447.12
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Date
- 1985-09-17
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In lieu of refunding outstanding bonds by defeasing or calling for redemption, the board may also refund under Article 6 (commencing with Section 36060) of Chapter 2 by purchasing the bonds to be refunded with proceeds of the refunding bonds or by acquiring the bonds to be refunded and…
Citator
Cal. Water Code § 36447.12 — Alternative Provisions for the Issuance of Bonds of Improvement Districts is in force in the current edition of the Code, and nothing recorded condemns it.
In lieu of refunding outstanding bonds by defeasing or calling for redemption, the board may also refund under Article 6 (commencing with Section 36060) of Chapter 2 by purchasing the bonds to be refunded with proceeds of the refunding bonds or by acquiring the bonds to be refunded and exchanging them for the refunding bonds, in either case in a negotiated transaction with the bondholder or through an intermediary agent of the district.