This law allows the board of a district to propose to voters the idea of issuing new bonds. These new bonds would be used to pay off existing district bonds or bonds from specific improvement districts within the larger district. It's essentially about refinancing existing debt by seeking voter approval to issue new bonds.

This law states that a particular measure can be voted on during any election that takes place in the district.

This section of the law outlines how elections for issuing refunding bonds in a water district should be conducted. The process should generally follow the same steps as when issuing new bonds. However, a key difference is that there is no need for a hearing to decide if the bond issue benefits the whole district or just part of it. Additionally, a simple majority of voters is enough to approve the issue of refunding bonds.

This law states that when issuing refunding bonds, the interest rate cannot be higher than the rate on the original bonds being refunded. Also, these refunding bonds can be issued and sold in the same way as the original bonds.

If both the bondholders and the board agree, old bonds can be swapped for new refunding bonds.

The law states that when you exchange refunding bonds for the original bonds, the total value of the refunding bonds cannot be more than the original bonds' total value.

This law allows a board to collect money through water rates or taxes to pay off the main amount and interest on refunding bonds. It follows the same method used for paying off the original bonds.