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DIVISION 13. CALIFORNIA WATER DISTRICTS 34000-38501›PART 6. FINANCIAL PROVISIONS 35900-36458.1›CHAPTER 4.95. Alternative Provisions for the Issuance of Bonds of Improvement Districts 36447-36447.15

§ 36447.12

California Water Code · 2026-09 edition · updated 2026-10-03 · California

In lieu of refunding outstanding bonds by defeasing or calling for redemption, the board may also refund under Article 6 (commencing with Section 36060) of Chapter 2 by purchasing the bonds to be refunded with proceeds of the refunding bonds or by acquiring the bonds to be refunded and exchanging them for the refunding bonds, in either case in a negotiated transaction with the bondholder or through an intermediary agent of the district.

(Amended by Stats. 1985, Ch. 645, Sec. 4. Effective September 17, 1985.)

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California Water Code

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