Government Code § 43728
ARTICLE 3. Refunding Indebtedness
The proceeds of any sale for cash shall be placed in the city treasury to the credit of the funding fund, and applied only to refunding the indebtedness for which the bonds are issued.
ARTICLE 3. Refunding Indebtedness
The proceeds of any sale for cash shall be placed in the city treasury to the credit of the funding fund, and applied only to refunding the indebtedness for which the bonds are issued.