Section 67585 Of Article 4. Revenue Bonds From California Government Code >> Title 7.8. >> Chapter 3. >> Article 4.
67585
. Refunding bonds may be issued in a principal amount
sufficient to provide funds for the payment of all bonds to be
refunded thereby, and in addition for the payment of all expenses
incident to the calling, retiring or paying of such outstanding
bonds, and the issuance of such refunding bonds. These expenses may
include the difference in amount between the par value of the
refunding bonds and any amount less than par for which the refunding
bonds are sold, any amount necessary to be made available for the
payment of interest upon such refunding bonds from the date of sale
thereof to the date of payment of the bonds to be refunded or to the
date upon which the bonds to be refunded will be paid pursuant to the
call thereof or agreement with the holders thereof, and the premium,
if any, necessary to be paid in order to call or retire the
outstanding bonds and the interest accruing thereon to the date of
the call or retirement.