§ 90663
46 words·~1 min read·
/ca/public-utilities-code/90663A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Refunding bonds shall bear interest at a rate not exceeding the interest rate on the refunded bonds, but payment of the refunding bonds shall begin not later than one year from the date thereof and be complete in not more than 40 years from that date.