Public Utilities Code § 105208

ARTICLE 1. Authorization and Issuance of General Obligation Bonds

Current as of September 28, 2026Pub. Util. Code, § 105208Official source ↗

Added by Stats. 2002, Ch. 341, Sec. 4. Effective January 1, 2003.

After the expiration of three years after a bond election the board may determine, by ordinance adopted by a vote of two-thirds of all the members 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 these bonds shall become void.