California § 36447.12. 36447.12. (Amended by Stats. 1985, Ch. 645, Sec. 4.)

California Statutes

§ 36447.12. — 36447.12. (Amended by Stats. 1985, Ch. 645, Sec. 4.)

California·Code WAT Water Code - WAT·Div. 13. DIVISION 13. CALIFORNIA WATER DISTRICTS·Part 6. PART 6. FINANCIAL PROVISIONS·Ch. 4.95. CHAPTER 4.95. Alternative Provisions for the Issuance of Bonds of Improvement Districts

In lieu of refunding outstanding bonds by defeasing or calling for redemption, the board may also refund under Article 6 (commencing with Section 36060) of Chapter 2 by purchasing the bonds to be refunded with proceeds of the refunding bonds or by acquiring the bonds to be refunded and exchanging them for the refunding bonds, in either case in a negotiated transaction with the bondholder or through an intermediary agent of the district.

Free access — add to your briefcase to read the full text and ask questions with AI

In lieu of refunding outstanding bonds by defeasing or calling for redemption, the board may also refund under Article 6 (commencing with Section 36060) of Chapter 2 by purchasing the bonds to be refunded with proceeds of the refunding bonds or by acquiring the bonds to be refunded and exchanging them for the refunding bonds, in either case in a negotiated transaction with the bondholder or through an intermediary agent of the district.

California § 36447.12. (36447.12. (Amended by Stats. 1985, Ch. 645, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.