California Statutes

§ 53362.5. — 53362.5. (Amended by Stats. 2007, Ch. 670, Sec. 109.)

California § 53362.5.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.2.
Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
Ch. 2.5.CHAPTER 2.5. The Mello-Roos Community Facilities Act of 1982
Art. 5.ARTICLE 5. Bonds

This text of California § 53362.5. (53362.5. (Amended by Stats. 2007, Ch. 670, Sec. 109.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 53362.5. (2026).

Text

Refunding bonds shall not be issued if the total interest cost to maturity on the refunding bonds plus the principal amount of the refunding bonds exceeds the total interest cost to maturity on the bonds to be refunded plus the principal amount of the bonds to be refunded. Subject to these limitations, the principal amount of the refunding bonds may be more than, less than, or the same as the principal amount of the bonds to be refunded.

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Legislative History

Amended by Stats. 2007, Ch. 670, Sec. 109. Effective January 1, 2008.

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California § 53362.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/53362.5..