Statute · California Government Code
Cal. Gov't Code § 5404 — Tax or Assessment Levy for Unsold Bonds
Cal. Gov't Code § 5404
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If at any time following the levy of the tax or assessment authorized by Section 5403, the board, council or other body having the power to sell the bonds shall determine that the bonds are not to be issued and sold, the proceeds of the tax or assessment so levied to pay such principal or…
Citator
Cal. Gov't Code § 5404 — Tax or Assessment Levy for Unsold Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
If at any time following the levy of the tax or assessment authorized by Section 5403, the board, council or other body having the power to sell the bonds shall determine that the bonds are not to be issued and sold, the proceeds of the tax or assessment so levied to pay such principal or interest may be transferred to the general fund of the public body.