California Government Code 16781 – (a) Except as otherwise provided in this article or in …
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(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.
Terms Used In California Government Code 16781
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
- Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10
(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.)