§ 16781 Refunding Bond Issuance Rules

Government Code·California

AI SummaryVerified

Key Takeaways

•Most rules for selling bonds apply to refunding bonds too.
•Two specific rules (Sections 16730 and 16757) don’t apply to refunding bonds.
•Refunding bonds can sometimes be sold through private deals if the Treasurer thinks it’s best for the state.

Example

Imagine the state owes money on old bonds and wants to pay them off by selling new ones.

Most of the usual bond rules still apply, but a couple don’t. The state can also sell these new bonds in a private deal if the Treasurer says it’s a good idea.

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

Official Source

View on CA.gov

§ 16781 Refunding Bond Issuance Rules

(a) Except as otherwise provided in this article or in subdivision (b), all of the provisions of this chapter are applicable to the issuance and sale of refunding bonds. (b) (1) Sections 16730 and 16757 are not applicable to the issuance and sale of refunding bonds. (2) Notwithstanding Section 16754.3, refunding bonds may be sold by negotiated sale if the Treasurer determines that it is in the best interest of the state to do so. (Amended by Stats. 1999, Ch. 522, Sec. 4. Effective January 1, 2000.)

Last verified: January 22, 2026

Key Terms

refunding bonds negotiated sale Treasurer

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 16781.

Key Takeaways

Example

Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References