Statute · California Public Utilities Code
Cal. Pub. Util. Code § 102510 — Authorization and Issuance of General Obligation Bonds
Cal. Pub. Util. Code § 102510
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2007-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Whenever the board deems that the expenditure of money for the purposes for which the bonds were authorized by the voters is impractical or unwise, it may, by ordinance adopted by a two-thirds vote of the board, so declare and call an election to be held in the district for the purpose of…
Citator
Cal. Pub. Util. Code § 102510 — Authorization and Issuance of General Obligation Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
Whenever the board deems that the expenditure of money for the purposes for which the bonds were authorized by the voters is impractical or unwise, it may, by ordinance adopted by a two-thirds vote of the board, so declare and call an election to be held in the district for the purpose of submitting to the qualified voters thereof the proposition of incurring indebtedness by the issuance of those bonds for some other purposes or, in the case where bonds have been sold, the proposition to use the proceeds for some other purposes. The procedure, so far as applicable, shall be the same as when a bond proposition is originally submitted.