Public Utilities Code section 26285

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.

Source: Section 26285, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=26285. (accessed May 10, 2025).

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Last Updated

May 10, 2025

§ 26285’s source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_26285

Original Source: Section 26285, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=26285. (last accessed May 10, 2025).