§ 26285
40 words·~1 min read·
/ca/public-utilities-code/26285A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The proceeds of the sale of refunding bonds shall be applied only to the purchase, or retirement at not more than par and accrued interest, or the call price, of the bonded indebtedness for which the refunding bonds were issued.