Section 1001.9 Of Article 2. Authorization And Issuance Of Debentures From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 2.
1001.9
. In addition to the debentures authorized by Sections
1001.1, 1001.7, and 1001.8, the department may issue additional
debentures at any time pursuant to this chapter if the total amount
of debentures outstanding at any time does not exceed the total
amount of debentures authorized by this article.
Debentures which are refunded pursuant to Article 5 (commencing
with Section 1004.1), or for which money or securities sufficient to
pay the principal, interest, and any redemption premium thereon have
been deposited in any reserve fund or in trust, are not debentures
which are outstanding within the meaning of this section.