Electric System ImprovementsDefinitions
Section § 13081
This section explains that, unless there's a specific reason to interpret it differently, the rules outlined in this article are used to understand how to interpret the rest of the chapter.
Section § 13082
This law section explains that the term “bonds” also includes notes, certificates, and other types of debt. It applies only to bonds issued under this specific chapter.
Section § 13083
This law clarifies that when the term "refund" is used, it also means to "extend" or "renew." Essentially, if something is refunded, it can also be continued or prolonged.
Section § 13084
This law section defines the term “assented to by the voters” as a situation where a proposition has been presented to the voters in a district, and a majority of those who voted on it have approved it.
Section § 13085
"Payments on principal" refers to any payments made toward the main amount borrowed with a bond. This can occur when the bond matures or through scheduled payments into a sinking fund that's used to pay back the principal. It also covers any extra amounts that must be paid when bonds are redeemed early as required by the sinking fund terms.