California Public Utilities Code

§ 13282

PUC § 13282Div. 6 · Ch. 7 · Art. 4

Statute text

The issuance of refunding bonds shall not be construed as the incurring or increase of an indebtedness within the meaning of this division, and the approval of the voters is not required for the issuance of refunding bonds. The board may provide for the call and redemption of any or all of the bonds on any interest payment date prior to their fixed maturity in the ordinance authorizing the issuance of the refunding bonds.

Legislative history

Enacted by Stats. 1951, Ch. 764.