Public Utilities Code section 29217

If the earliest maturity of the refunding bonds is more than one year after the date of issuance, the board shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.

Source: Section 29217, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=29217. (updated Jan. 1, 1957; accessed Jun. 18, 2026).

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Up to date

Verified:
Jun. 18, 2026

§ 29217's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_29217

Original Source: Section 29217, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=29217. (last accessed May 12, 2025).