Cal. Public Utilities Code § 130821
Cal. Public Utilities Code § 130821
California · California Public Utilities Code · Status: effective · Effective 2017-01-01
Cite this
- Citation
- Cal. Public Utilities Code § 130821, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/915650
- Permanent ID
ys:prov:915650@1- SHA-256
48acdab1efc2a8827795496b7e8a9930f8baa7fbac8c92e620572731ea717e0e
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Chapter 1 (commencing with Section 180000), Chapter 5 (commencing with Section 180200), and, except Section 180260, Chapter 6 (commencing with Section 180250) of Division 19 (commencing with Section 180000) shall be equally applicable to the authority as if set forth herein and shall be in addition to the powers and functions of the authority set forth in this division.
(b) Notwithstanding Section 180260, all proceeds of the authority’s bonds shall be applied to secure the bonds or for the purposes for which the debt was incurred. However, when the purposes have been accomplished, any moneys remaining shall be either transferred to the fund used for the payment of principal of, and interest on, the bonds, or placed in a fund to be used for the purchase of the outstanding bonds in the open market at prices and in the manner, either at public or private sale or otherwise, as determined by the authority. Bonds so purchased shall be canceled immediately.