ARTICLE 5. Refunding Bonds [487. - 487.3.]

Article 5 added by Stats. 1978, Ch. 1274.

§§ 487–487.3 · 4 sections

• § 487 The department, subject to the approval of the National Guard Members’ Finance Committee, may provide for the issuance, sale, or exchange of refunding bonds…
• § 487.1 Refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of all revenue bonds to be refunded thereby and in addition to…
• § 487.2 Refunding revenue bonds shall not constitute a debt or obligation of the State of California but shall be revenue bonds of the department of the same character…
• § 487.3 The department may from time to time or at any time sell or exchange refunding bonds for the purpose of retiring, paying, or refunding either all or part of…