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2018 California Code
Water Code - WAT
DIVISION 13 - CALIFORNIA WATER DISTRICTS
PART 6 - FINANCIAL PROVISIONS
CHAPTER 4.95 - Alternative Provisions for the Issuance of Bonds of Improvement Districts
Section 36447.12.
Universal Citation: CA Water Code § 36447.12 (2018)
36447.12.
In lieu of refunding outstanding bonds by defeasing or calling for redemption, the board may also refund under Article 6 (commencing with Section 36060) of Chapter 2 by purchasing the bonds to be refunded with proceeds of the refunding bonds or by acquiring the bonds to be refunded and exchanging them for the refunding bonds, in either case in a negotiated transaction with the bondholder or through an intermediary agent of the district.
(Amended by Stats. 1985, Ch. 645, Sec. 4. Effective September 17, 1985.)
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