DIVISION 15. RECLAMATION DISTRICTS 50000-53901›PART 8. BONDS AND REFUNDING BONDS 52100-52862›CHAPTER 3. General Refunding Bonds 52500-52602›ARTICLE 2. Exchange 52530-52533
§ 52531
California Water Code · 2020-11 edition · updated 2026-10-04 · California
The aggregate principal amount of the refunding bonds delivered to bond holders shall not exceed the aggregate principal amount of the bonds exchanged therefor.
(Added by Stats. 1951, Ch. 336.)
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