Section 99692.5 Of Chapter 6. Bonds From California Public Utilities Code >> Division 10. >> Part 11.5. >> Chapter 6.

. The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out this part, and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those purposes progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time.