California Public Utilities Code 3415 – “Indebtedness” means bonds, notes, commercial paper, variable rate …
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“Indebtedness” means bonds, notes, commercial paper, variable rate and variable maturity securities, other obligations, and any other evidences of indebtedness issued by Golden State Energy.
(Added by Stats. 2020, Ch. 27, Sec. 12. (SB 350) Effective January 1, 2021.)
Terms Used In California Public Utilities Code 3415
- State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17
- Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.