2007 California Water Code Article 2. Sale And Exchange Of Bonds

CA Codes (wat:36170-36172)

36170.  The board may order general obligation bonds sold at not
less than 90 percent of par value when the board deems it for the
best interest of the district to do so.



36171.  General obligation bonds may be exchanged dollar for dollar
for bonds of the State.



36172.  Bonds of the State that may be received for general
obligation bonds shall be placed to the credit of the district to be
sold as the board may direct, for not less than par value.