Section 98331 Of Article 2. Form And Content From California Public Utilities Code >> Division 10. >> Part 10. >> Chapter 7. >> Article 2.
98331
. The board may divide any issue of bonds authorized pursuant
to this chapter into two or more series, and may fix different dates
of issuance and different maturity dates for the bonds of each
series. The bonds of each series shall mature serially in amounts to
be fixed by the board, and the board shall fix a date not more than
10 years from the date of issuance of each series for the earliest
maturity of such series and shall fix a date not more than 50 years
from the date of issuance of each series for the final maturity of
such series.