The last maturity of any refunding bonds shall not exceed 39 years from the second day of September next succeeding 12 months after the date of the bonds.
(Amended by Stats. 1987, Ch. 1388, Sec. 25.)
Sts. & High. Code § 9607, under Issuance of Refunding Bonds.
Sts. & High. Code § 9607
The last maturity of any refunding bonds shall not exceed 39 years from the second day of September next succeeding 12 months after the date of the bonds.
(Amended by Stats. 1987, Ch. 1388, Sec. 25.)