§ 29217
51 words·~1 min read·
/ca/public-utilities-code/29217A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the earliest maturity of the refunding bonds is more than one year after the date of issuance, the board shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.