§ 99075 Bond Refunding Approval

Government Code·California

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Key Takeaways

•The government can replace old bonds with new ones to get better terms, like refinancing a loan.
•If voters approved the original bonds, they also approved any future replacements.
•This is part of a bigger law about how the state handles its debt.

Example

Imagine you have a big loan for your house, and interest rates drop. You might refinance to save money.

The government can do the same thing with bonds—replace old ones with new ones to save money or adjust payments.

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

Official Source

View on CA.gov

§ 99075 Bond Refunding Approval

The bonds may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of Division 4 of Title 2, which is a part of the State General Obligation Bond Law. Approval by the electors of the state for the issuance of the bonds described in this title shall include approval of the issuance of any bonds issued to refund any bonds originally issued under this title or any previously issued refunding bonds. (Added by Stats. 2003, 5th Ex. Sess., Ch. 2, Sec. 3. Approved in Proposition 57 at the March 2, 2004, election.)

Last verified: January 22, 2026

Key Terms

obligation the state issuance bond law accordance proposition election

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 99075.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References