{"code":"PUC","codeName":"Public Utilities Code","section":"101320","citation":"Pub. Util. Code, § 101320","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","url":"https://blackletter.si/public-utilities-code/division-10"},{"name":"PART 13. GOLDEN EMPIRE TRANSIT DISTRICT [101000. - 101372.]","url":"https://blackletter.si/public-utilities-code/division-10/part-13"},{"name":"CHAPTER 8. Bonds [101280. - 101336.]","url":"https://blackletter.si/public-utilities-code/division-10/part-13/chapter-8"},{"name":"ARTICLE 4. Refunding [101315. - 101321.]","url":"https://blackletter.si/public-utilities-code/division-10/part-13/chapter-8/article-4"}],"history":"Added by Stats. 1971, Ch. 1161.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/refunding-101320","source":"California Legislative Information bulk export (pubinfo)"}