Section 36447.11 Of Chapter 4.95. Alternative Provisions For The Issuance Of Bonds Of Improvement Districts From California Water Code >> Division 13. >> Part 6. >> Chapter 4.95.
36447.11
. Refunding bonds issued under Article 6 (commencing with
Section 36060) of Chapter 2 may be issued in the manner set forth in
this chapter regardless of whether or not the bonds being refunded
were issued in the manner set forth in this chapter. The par value of
each improvement district's refunding bonds included in the
consolidated refunding bonds shall be only sufficient to provide for
the refunding of that improvement district's bonds to be refunded.