GroundRules
PUC § 96504
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.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON