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HomeGovernment CodeDiv. 2Pt. 2Ch. 15Art. 2§ 26450 Refunding Revenue Bonds

§ 26450 Refunding Revenue Bonds

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 26450 Refunding Revenue Bonds

Key Takeaways

  • •The board can create new bonds to pay off old ones.
  • •The rules for making new bonds are the same as for the old ones.
  • •This helps manage debt by replacing old bonds with new ones.

Example

Imagine you have an old loan for your house with high interest.

The board can take out a new loan with better terms to pay off the old one, just like you might refinance your house.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 26450 Refunding Revenue Bonds

The board may provide for the issuance, sale, or exchange of refunding bonds for the purpose of redeeming or retiring any revenue bonds issued by the board. All provisions of this chapter applicable to the issuance of revenue bonds are applicable to the funding or refunding bonds and to the issuance sale or exchange thereof. (Added by Stats. 1947, Ch. 822.)

Last verified: January 22, 2026

Key Terms

issuancethe board

Related Statutes

  • § 26410 Project Insurance And Repairs
  • § 26412 Project Liability Insurance Authority
  • § 26415 County Revenue Bond Issuance
  • § 26416 Revenue Bond Issuance Rules
  • § 26417 Bond Indenture Terms

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 26450.
View Official Source