§ 43.6.1. DECLARATION OF POLICY.

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It is hereby declared to be the policy of the City to permit the refunding of outstanding revenue bonds whenever such refunding is expected to result in net debt service savings calculated as provided in this Article. This Article is enacted pursuant to the powers reserved to the City under Sections 3, 5 and 7 of Article XI of the Constitution of the State of California and the Charter.
(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

                    
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