Cal. Pub. Util. Code § 26285

Current through the 2023 Legislative Session.
Section 26285 - Use of proceeds from sale

The proceeds of the sale of refunding bonds shall be applied only to the purchase, or retirement at not more than par and accrued interest, or the call price, of the bonded indebtedness for which the refunding bonds were issued.

Ca. Pub. Util. Code § 26285

Added by Stats. 1955, Ch. 1036.