§ 50252 Refunding Bond Issuance Rules

• •This law is about rules for giving out special bonds called 'refunding bonds'.
• •It covers how these bonds are made, when they expire, and how interest is paid.
• •The rules apply unless another law says something different.

A city wants to pay off old debt by issuing new bonds.

The city must follow these rules when creating and managing the new bonds, like how they are signed, when they need to be paid back, and how interest is handled.