GroundRules
PUC § 96503
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.]
Refunding bonds shall bear interest at a rate not exceeding the interest rate on the refunded bonds, but payment of the refunding bonds shall begin not later than one year from the date thereof and be completed in not more than 40 years from that date.
Collected 2026-09-14T05:56:33Z. Source file · JSON