California Public Utilities Code

§ 102509

PUC § 102509 Effective Jan 1, 2007Div. 10 · Part 14 · Ch. 7 · Art. 1

Statute text

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.

Legislative history

Amended by Stats. 2006, Ch. 272, Sec. 36. Effective January 1, 2007.