California Law (Last Updated: March 4, 2014) |
Public Utilities Code - PUC |
Division 10. TRANSIT DISTRICTS |
Part 1. TRANSIT DISTRICTS IN COUNTIES OF ALAMEDA OR CONTRA COSTA |
Chapter 7. Bonds |
ARTICLE 4. Refunding |
Section 26284.
Latest version.
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Refunding bonds shall bear interest at a rate not exceeding the interest rate on the refunded bonds, but payment of the refunding bonds shall begin not later than one year from the date thereof and be completed in not more than 40 years from that date.
(Added by Stats. 1955, Ch. 1036.)