§ 13285 Refunding Bond Issuance Rules

• •This law talks about rules for giving out special bonds called 'refunding bonds'.
• •Most of the rules for these bonds come from other parts of the law (Article 9 and Article 10).
• •If you want to know how these bonds work, you have to look at those other parts.

Imagine a city wants to pay off old debt by taking a new loan with better terms.

The city must follow the rules in Article 9 and Article 10 to do this. Those rules explain how they can issue new bonds to pay off the old ones.