§ 6-8B-40 — Refunding bonds not payable from same source as bonds being refunded--Election required.

No outstanding bonds may be refunded by an issue of refunding bonds unless either the outstanding bonds and the refunding bonds are payable from the same fund or source or the question of the issuance of the refunding bonds is submitted to and approved by the voters of the public body in accordance with §§ 6-8B-2 to 6-8B-8 , inclusive.

Legislative History

SL 1984, ch 43, § 34B.