Amount of refunding bonds

The Building Authority may issue negotiable refunding bonds under §§ 5-12-27.1 to 5-12-27.4 , inclusive, to refund bonds at or prior to their maturity or which by their terms are subject to redemption before maturity, or both, in an amount necessary to refund: (1) The principal amount of the bonds to be refunded; (2) The interest to accrue up to and including the maturity date or dates, or to the next succeeding redemption date thereof; and (3) The applicable redemption premiums, if any. Source: SL 1975, ch 50 , § 2.