Section 13632 Of Article 7.5. Short-term Borrowing From California Public Utilities Code >> Division 6. >> Chapter 8. >> Article 7.5.

. The special district may issue refunding bonds, notes, or other securities for the purpose of paying and redeeming at or before maturity any bonds, notes or other securities issued under this article, provided that such refunding bonds, notes, or other securities shall not be in excess of the limitation of indebtedness authorized under this article and shall mature in not to exceed five years from their date.