California § 15840 - The board may provide, by resolution, for the issuance of refunding bonds for the
Full text of California Public Contract Code - PCC § 15840 — The board may provide, by resolution, for the issuance of refunding bonds for the, with citation guidance and answers to common questions.
§ 15840. The board may provide, by resolution, for the issuance of refunding bonds for the
The board may provide, by resolution, for the issuance of refunding bonds for the purpose of refunding any bonds of the board issued pursuant to this part and then outstanding, either by voluntary exchange with the holders of the outstanding bonds, or to provide funds to redeem and retire the outstanding bonds, with accrued interest, and any premium payable on the bond at maturity or at any call date. The issuance of the refunding bonds, the maturities and other details of the bonds, the rights of the bondholders, and the duties of the board in respect to the bonds, are governed by the foregoing provisions of this part insofar as they are applicable. Refunding bonds may be issued by the board to refund bonds originally issued, or to refund bonds of the board previously issued for refunding purposes.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15840
What does Public Contract Code - PCC § 15840 cover?
Section 15840 ("The board may provide, by resolution, for the issuance of refunding bonds for the") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 15840?
A common citation format is "Public Contract Code - PCC § 15840" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 15840 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.