Jurris.COM

Section 98354 Of Article 4. Refunding From California Public Utilities Code >> Division 10. >> Part 10. >> Chapter 7. >> Article 4.

98354
. 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.