Cal. GOV § 5925
This is the official text of Cal. GOV § 5925, part of California’s Government Code — covers the structure and operation of state and local government, including public employment and public records.
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Official statutory text
The purchase or other acquisition of bonds by or on behalf of the state or local government that issued the bonds does not cancel, extinguish, or otherwise affect the bonds and the bonds shall be treated as outstanding bonds for all purposes except to the extent otherwise determined by the issuer or otherwise provided in the constituent instruments defining the rights of the holders of the bonds.
Status: in_force · Read it on the official government site
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