Public Utilities Code - PUC
DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]
( Division 10 repealed and added by Stats. 1955, Ch. 1036. ) PART 9. THE SANTA BARBARA METROPOLITAN TRANSIT DISTRICT [95000 - 97007]
( Part 9 added by Stats. 1965, Ch. 1835. ) CHAPTER 7. Bonds [96400 - 96591]
( Chapter 7 added by Stats. 1965, Ch. 1835. ) ARTICLE 4. Refunding [96500 - 96506]
( Article 4 added by Stats. 1965, Ch. 1835. ) 96504.
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.
(Added by Stats. 1965, Ch. 1835.)