California Statutes
§ 100410. — 100410. (Amended by Stats. 2016, Ch. 381, Sec. 91.)
California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 12. PART 12. SANTA CLARA VALLEY TRANSPORTATION AUTHORITY·Ch. 7. CHAPTER 7. Bonds and Other Evidences of Indebtedness·Art. 1. ARTICLE 1. Authorization and Issuance of General Obligation Bonds
The board may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the VTA upon the terms, at the times, and in the manner which it determines. Refunding bonds may be issued in a principal amount sufficient to pay all or any part of the principal of outstanding bonds, the interest thereon, and the premiums, if any, due upon call and redemption thereof prior to maturity and all expenses of the refunding. The provisions of this article for issuance and sale of bonds apply to the issuance and sale of the refunding bonds, except that (a)
no election need be called or held for the purpose of authorizing the issuance of refunding bonds, and (b)
when refunding bonds are to be
exchanged for outstanding bonds, the method of exchange shall be a
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California § 100410. (100410. (Amended by Stats. 2016, Ch. 381, Sec. 91.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2016, Ch. 381, Sec. 91. (AB 2196) Effective January 1, 2017.