Public Utilities Code section 96503

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.

Source: Section 96503, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=96503. (updated Jan. 1, 1965; accessed Jul. 28, 2025).

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Verified:
Jul. 28, 2025

§ 96503's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_96503

Original Source: Section 96503, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=96503. (last accessed May 12, 2025).