Cal. Pub. Resources Code § 80172

Current through the 2024 Legislative Session.
Section 80172 - Refunds

The bonds issued and sold pursuant to this division may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of Division 4 of Title 2 of the Government Code, which is a part of the State General Obligation Bond Law. Approval by the voters of the state for the issuance of the bonds under this division shall include approval of the issuance of any bonds issued to refund any bonds originally issued under this division or any previously issued refunding bonds. Any bond refunded with the proceeds of a refunding bond as authorized by this section may be legally defeased to the extent permitted by law in the manner and to the extent set forth in the resolution, as amended from time to time, authorizing that refunded bond.

Ca. Pub. Res. Code § 80172

Added by Stats 2017 ch 852 (SB 5),s 3, eff. upon approval by the voters, 6/5/2018.