{"data":{"id":"us-ca/puc-98354","jurisdiction":"us-ca","citation":"PUC § 98354","heading":"","body":"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.","path":["Public Utilities Code - PUC","DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","PART 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT [98000. - 98407.]","CHAPTER 7. Bonds [98310. - 98381.]","ARTICLE 4. Refunding [98350. - 98356.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"239c5058e8012567c7407588ff879e95b2b6d089af7efa6353c028bc5158d3c0","source_id":"us-ca","stale":false,"prev":"us-ca/puc-98353","next":"us-ca/puc-98355"},"notice":"GroundRules: Original legal text. Not legal advice."}