GroundRules
PUC § 96500
Where this section sits in the code
- Public Utilities Code - PUC
- DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]
- PART 9. THE SANTA BARBARA METROPOLITAN TRANSIT DISTRICT [95000. - 97007.]
- CHAPTER 7. Bonds [96400. - 96591.]
- ARTICLE 4. Refunding [96500. - 96506.]
Whenever the board by resolution passed by a vote of two-thirds of all its members determines that the refunding of the whole or any portion of the bonded indebtedness will be of advantage to the district the board may refund the bonded indebtedness or any portion thereof and issue refunding bonds of the district therefor.
Collected 2026-09-14T05:56:33Z. Source file · JSON