Home/California/Statutes/Code PUC: Public Utilities Code - PUC/Div. 7.: DIVISION 7. PUBLIC UTILITY DISTRICT ACT/Ch. 4.: CHAPTER 4. Powers and Functions of Districts/Art. 6.: ARTICLE 6. Indebtedness and Financing/§ 16577.
California Statutes

§ 16577. — 16577. (Amended by Stats. 1975, Ch. 130.)

California § 16577.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 7.DIVISION 7. PUBLIC UTILITY DISTRICT ACT
Ch. 4.CHAPTER 4. Powers and Functions of Districts
Art. 6.ARTICLE 6. Indebtedness and Financing

This text of California § 16577. (16577. (Amended by Stats. 1975, Ch. 130.)) 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 § 16577. (2026).

Text

A district may refinance any indebtedness incurred pursuant to Section 16576 by borrowing from the United States or any of its agencies and issuing in connection therewith evidences of indebtedness in the form and upon the terms required by the United States or its agency. The sum so borrowed shall not exceed the amount of the obligation being refinanced, and interest shall not exceed 8 percent per year. The money so borrowed for refinancing shall be used only to repay the obligation for the retirement of which the money was borrowed.

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Legislative History

Amended by Stats. 1975, Ch. 130.
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California § 16577., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/16577..