Streets and Highways Code § 9401
CHAPTER 11. Issuance of Refunding Bonds
In no event shall refunding bonds be issued for more than the par value of the outstanding bonds and the due and unpaid interest coupons to be refunded.
CHAPTER 11. Issuance of Refunding Bonds
In no event shall refunding bonds be issued for more than the par value of the outstanding bonds and the due and unpaid interest coupons to be refunded.