Section 54661 Of Article 11. Refunding Bonds From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 6. >> Article 11.
54661
. All provisions of this chapter applicable to the issuance
and sale of bonds, except the provisions of Article 3, are applicable
to refunding bonds and to their issuance and sale or exchange. No
election shall be required to authorize the issuance of refunding
bonds. The legislative body may provide for their issuance and sale
or exchange by resolution to take effect upon adoption. If the
legislative body determines to sell the refunding bonds or any part
thereof, they shall be offered for sale in the manner provided by
Section 54388.