California § 13172. 13172. (Added by Stats. 1957, Ch. 2237.)

California Statutes

§ 13172. — 13172. (Added by Stats. 1957, Ch. 2237.)

California § 13172.

JurisdictionCalifornia

Code PUCPublic Utilities Code - PUC

Div. 6.DIVISION 6. MUNICIPAL UTILITY DISTRICT ACT

Ch. 6.5.CHAPTER 6.5. Electric System Improvements

Art. 11.ARTICLE 11. Proceeds

This text of California § 13172. (13172. (Added by Stats. 1957, Ch. 2237.)) 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. Public Utilities Code - PUC Code § 13172. (2026).

Text

All sums received as principal and premiums on the sale of any issue of bonds shall be applied to the purposes for which such bonds were issued. The board may provide in the resolution authorizing the issue of any bonds under this chapter that any portion of the proceeds of sale of the bonds may be applied to payment of interest during construction for a period of not to exceed three years from and after the date of such bonds.

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All sums received as principal and premiums on the sale of any issue of bonds shall be applied to the purposes for which such bonds were issued. The board may provide in the resolution authorizing the issue of any bonds under this chapter that any portion of the proceeds of sale of the bonds may be applied to payment of interest during construction for a period of not to exceed three years from and after the date of such bonds.

Legislative History

Added by Stats. 1957, Ch. 2237.

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California § 13172., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/13172..