{"code":"WAT","codeName":"Water Code","section":"52531","citation":"Wat. Code, § 52531","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 15. RECLAMATION DISTRICTS [50000. - 53901.]","url":"https://blackletter.si/water-code/division-15"},{"name":"PART 8. BONDS AND REFUNDING BONDS [52100. - 52862.]","url":"https://blackletter.si/water-code/division-15/part-8"},{"name":"CHAPTER 3. General Refunding Bonds [52500. - 52602.]","url":"https://blackletter.si/water-code/division-15/part-8/chapter-3"},{"name":"ARTICLE 2. Exchange [52530. - 52533.]","url":"https://blackletter.si/water-code/division-15/part-8/chapter-3/article-2"}],"history":"Added by Stats. 1951, Ch. 336.","effective":null,"html":"<p>The aggregate principal amount of the refunding bonds delivered to bond holders shall not exceed the aggregate principal amount of the bonds exchanged therefor.</p>","text":"The aggregate principal amount of the refunding bonds delivered to bond holders shall not exceed the aggregate principal amount of the bonds exchanged therefor.","otherVersions":[],"url":"https://blackletter.si/water-code/exchange-52531","source":"California Legislative Information bulk export (pubinfo)"}