ARTICLE 5. Issuance of Refunding Debentures

Article 5 added by Stats. 1970, Ch. 1488.

§§ 1004.1–1004.4 · 4 sections

• § 1004.1 The department, subject to the approval of the Veterans’ Debenture Finance Committee, may provide for the issuance, sale, or exchange of refunding debentures…
• § 1004.2 Refunding debentures may be issued in a principal amount sufficient to provide funds for the payment of all debentures or obligations to be refunded thereby…
• § 1004.3 Refunding debentures shall not constitute a debt or obligation of the State of California but shall be debentures of the department of the same character and…
• § 1004.4 The department may from time to time or at any time sell or exchange refunding debentures for the purpose of retiring, paying or refunding either all or part…