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 § 36447.12.

JurisdictionCalifornia

Code WATWater 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

This text of California § 36447.12. (36447.12. (Amended by Stats. 1985, Ch. 645, Sec. 4.)) 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. Water Code - WAT Code § 36447.12. (2026).

Text

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.

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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.