Statute · California Public Utilities Code
Cal. Pub. Util. Code § 102509 — Authorization and Issuance of General Obligation Bonds
Cal. Pub. Util. Code § 102509
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2007-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
After the expiration of three years after a bond election, the board may determine, by ordinance adopted by a two-thirds vote of the board, that any or all of the bonds authorized at the election remaining unsold shall not be issued or sold. When the ordinance takes effect, the authorization to…
Citator
Cal. Pub. Util. Code § 102509 — Authorization and Issuance of General Obligation Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
After the expiration of three years after a bond election, the board may determine, by ordinance adopted by a two-thirds vote of the board, that any or all of the bonds authorized at the election remaining unsold shall not be issued or sold. When the ordinance takes effect, the authorization to issue those bonds shall become void.