California Public Utilities Code

§ 29210

PUC § 29210Div. 10 · Part 2 · Ch. 8 · Art. 4

Statute text

The district may provide for the funding or refunding of outstanding general obligation indebtedness pursuant to this article, if any of the following conditions exist:

(a)The district has indebtedness evidenced by bonds, notes, or other evidences of indebtedness, which according to their terms are subject to call or payment before maturity.

(b)The district has filed a petition under any bankruptcy law of the United States and refunding of its indebtedness is authorized in the bankruptcy proceedings.

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Legislative history

Added by Stats. 1957, Ch. 1056.