Public Utilities Code § 96504

ARTICLE 4. Refunding

Current as of September 28, 2026Pub. Util. Code, § 96504Official source ↗

Added by Stats. 1965, Ch. 1835.

The proceeds of the sale of refunding bonds shall be applied only to the purchase, or retirement at not more than par and accrued interest, or the call price, of the bonded indebtedness for which the refunding bonds were issued.